AUD/USD: Potential double bottom

The Aussie may form a double bottom on a daily chart with a 0.8520 target. The 1h timeframe shows higher highs and higher lows but the 0.8275 resistance is still intact. Since the 1d and 4h timeframes still show downtrend I will look to enter short if fails to break above 0.8275 while a decisive break higher will change my bias to the upside.

Daily chart:

…and the 60 minute chart:

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