AUDUSD. again at that weekly and daily support, where price rejected previously. what makes me think it has a chance to continue down is the lack of volume that s dropping on the up move, can be seen on daily and 4hr, also price managed to close below that area at the end of the week. i might be wrong ofc, but for now, considering all the other pairs, my bias is bearish. so really a continuation down, and a pullback to this level where we re currently at would make me consider a short.
if price does that, at that level, could be also a fib, ema, etc, so confluence.
from a normal candle point of view, price had rejected on a considerable amount of volume previous, but now that this level gets tested again, volume is considerably less, also managed to close lower on low volume. it was a friday, end of week etc, but still shows way less buyers at that level, so if we can put in new lows on low volume, the chances that it might continue are way higher.