AUDUSD weekly forecast

AUDUSD is coming off an uptrend from last year, peaking in 2021 on January 6 at approximately 0.7800, then falling back to 0.7600. We perceive that it is retesting the previous level, if it breaks it with force it could continue the uptrend, if it fails to make a new maximum then we could be before the beginning of a downtrend. Taking into account the news about the impending economic stimulus my prediction would be bearish, so at Abacus Trades we are inclined to say that short positions would be more accurate this week for this pair.