AUDUSD Wick rejections could be a sign for a buy?

Can price finally find support around 0.7160? Though this pair is in a global uptrend, it is important to note that its current behavior and direction has been to the downside since the start of this trading week as is evident in the making of lower highs and lower lows. Needless to say, traders with a bullish bias has been waiting for price to find support at various areas along this week's downtrend path to get in on a buy but clearly, sellers are not done flexing their muscles yet as they have managed to push price lower and lower. Multiple wick rejections around the 0.7160 area could signify that much needed support for buyers to take control of the direction of this pair and bring back a continuation to the up side. Considering that price has respected key area between 0.7207 and 0.7193 as resistance several times in recent history, a global trend reversal could be cooking but this is not an exact confirmation yet.