The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The 0.7260 support level is holding back sellers. The descending pattern is likely a correction wave (B) of the H8 level ascending wave pattern.
AUDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when the ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending pattern.
Stop Loss: 0.7260.
Target levels: 0.7340; 0.7402.