AUD/USD 1 hour – Possible reversal Trend is bearish in AUD/USD currency pair in one hour time frame. Short term resistance is present at 0.7061 price level. Based on Elliott wave analysis, I expect a bottom in market and price is most probably going to show us a bullish break out above 0.7061 price level. However; if price just keep dropping lower then I will re-analyze 1 hour chart of AUD/USD currency pair.
