AUDUSD is currently retracing, creating higher lows on the H4 and H1 timeframe. If we are looking at this as a weekly and daily timeframe setup, we have reached the level ( 0.69500 - 0.70000 ) where price could be shifting back to the downside. This zone is a key psychological level and if price can give us the H4 resistance I'm expecting with the Daily timeframe bearish momentum, I will begin looking for sells down to the 0.67000 psyc level.
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Price respected the 0.700 psyc level and is currently ripping down!