Resistance: 1.0333 moderate/1.0409 minor/1.0455 minor

Support: 1.0287 strong/1.0211 moderate/1.0165 minor

AUDUSD is generally bullish with the Shooting Star occurring near a strong support level at 1.0287, the Pivot Point. As such it would be best to consider shorting only if we have a close below 1.0287 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 1.0211, possibly on to 1.0165 if the former gives way.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices