Aussie rallied further than I expected. The pair printed 0.78% Fib retrecement at 0.7230 and collapsed back to 0.70 area. AUDUSD printed another candle on the . Coinsidering fundamentals, downtrend must be assumed. NZL GDT index printed negative 7.4% last week. AUD is strongly correlated to NZD. We migh see both pair resuming downtrend in the coming weeks.
Bulls @ 0.72 ( on pullbacks after breaking this level )
Bears @ 0.7080
AUDUSD: 15-30 min view
Shorter time frame looks the same. Sharp decline from the high should continue after small consolidation. Bears should wait for lowe low top be printed and a retrecement towards recent support, now resistance to enter short positions. Bulls would have to wait for a break of the recent high, a pullback towards recent resisttance and enter long positions at 0.7220 area.