I think its temporary retrace to low, the lowest target can go around 110 - 109.5, will enter LONG from any possible break out point, target at 113 +/-
From the chart we see it going to 112 +/- towards 3rd downtrend point, based on RSI, the 3rd point RSI reading is higher than 2nd point, so it may go down, i prefer short at the moment, lets wait and see
From chart we see AU break out the trendline on Daily Chart and H4 Chart, the closing before the break show overbought on RSI, but now it go higher and RSI still below 70, it suppose to be a long