The weekly close has pushed below the 0.710 region. We currently are now in the bi monthly support and resistance range of 0.710 and 0.69941. We still however are still within the weekly descending channel. The RSI is either at 30 or below on four time frames. 4hr, 8hr, D, and W. I can definitely see a retest of this 0.710 region before we make further lows to the bottom of the range at 0.69941. The last 4hr bar of the week closed higher than the previous bear bar close and lows. Indicating a new short term, low strength support at 0.70465 with the wick below at 0.70425. If we reach 0.69941 there is a very high chance of rejection and bouncing within the high time frame range stated originally. If we see signals for further downside and the 0.69941 breaks and holds the retest we could see AUDUSD hit 0.69 over the last few months of this year.