Possible AUD/USD Pullback

AUD/USD moved sharply to the upside after the news about the US Federal Funds Rate hike, reached a resistance at 0.7720, bounced off from it, retraced briefly and then continued slowly moving to the upside. That bullish movement could be over though, as the pair has formed a rather spectacular shooting star candlestick at the resistance at 0.7750 on the four-hour time-frame. If this is, indeed, a signal for a move to the downside, then the pair will likely begin falling, and its closest target is probably around 0.7680 – 0.7700. A breakout below that level could lead to a further drop towards the support at 0.7625, which coincides with the (MA)89 indicator on the same four-hour time-frame.