There is a short wedge
forming for AUDUSD
which I would believe is setting up for a downtrend. The price is currently around the 0.786 retracement
and I would look the downtrend to go towards 0.7333 (fib 0.618), which is an area that has shown support and resistance
previously. If this trend does breakout upwards, I would however look for it to go to 0.82, which is 1.272 retracment and a previous high.