AUD/USD Is Testing the Resistance at 0.7640

AUD/USD bounced off from the support at 0.7535 but the retracement did not last very long as the pair found some resistance at 0.7640 and formed a spinning top candlestick on the daily time-frame at that level. What is more, the pair has also formed multiple doji and spinning top candlesticks on the four-hour time-frame, also on that level, which coincides with the (MA)89 indicator on the same time-frame. All of these candlesticks are signals for indecision at the resistance, but if the pair bounces off from it after all it will probably continue falling back to the support at 0.7535. On the other hand, a breakout above the resistance could lead to a further rally towards 0.7720.