AU short term dropAustralian Dollar / United States DollarCMCMARKETS:AUDUSDJcasanova32Looking at the AU chart I can see price created some structure for price to pull back because overall i do see AU being bullish, I’m trading the pullback just because of how beautiful the set up looks to me and all the confluences is giving me that price wants to retest 0.70 Mayor level after a long period of consolidation from February to the beginning of April. Scaling down to the 4H timeframe I can see a nice resistance created at the .72-.71500 price with structure being broken intraday wise but also market structure printed a nice H&S pattern at that exact price range, for more confluences I saw price action retesting my bearish EMA multiple times after breaking below that same EMA and after paring my bullish and bearish EMAs I say they crossed over meaning the momentum has shifted and now sellers are in control for the moment. In my opinion AU is gonna start dropping until mayor news from the USD are released.