AUDUSD: Is the rally out of steam? Sell signal triggered! AUD/USDOANDA:AUDUSDSensaitradingAUDUSD has just triggered a fresh SELL signal on the Daily timeframe from my Reversals & Pullbacks PRO indicator. The pair has been in a strong bullish move since the late-June low (which also triggered a buy signal), climbing from roughly the 0.6860 area toward 0.7200. Price is now approaching an interesting resistance zone, while the indicator has identified conditions suggesting that the current move may be becoming exhausted. What makes this setup interesting: 🔴 Fresh Reversal SELL signal on the Daily chart 📈 Strong extended bullish move 🧱 Price trading around the 0.7200 resistance area 🔄 Potential for a correction or larger bearish reversal As always, a reversal signal does not necessarily mean the larger trend will change immediately. I'm anticipating either an immediate reversal or a climb higher up untill the latest swing high (0.726 zone). Personally I'm placing a sell trade with half risk right now with a stop above the current zone. If price would break and hit my SL I will place a new sell trade around the swing high of 0.725. Indicator used: Reversals & Pullbacks PRO