AUD/USD - Long-Term Forecast: bearish ranging within symmetric triangle pattern for direction

AUD/USD: ranging bearish. The pair is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bearish market condition for the ranging within the following key bearish levels:

• 0.7381 resistance level, and
• 0.6907 support level.
  

The price is located inside symmetric triangle pattern for crossing it ot below or to above forthe direction of the trend.

• if the price breaks 0.7381 resistance so we may see the local uptrend as the secondary market rally within the primary bearish market condition;
• if the price breaks 0.6907 support level so the bearish trend will be continuing with 0.6800 as the nearest bearish psy target;
• if not so the price will be moved within the channel.