From August 2011 AUDUSD shows an bearish momentum. Above is the 4h chart. The key area to be considered is the consolidation of price between 0.70959 to 0.70554.
If the market breaks that consolidated area above 0.70959 there is a high probability of market moving upwards to 0.71450.
Market may also move downwards if it breaks the 0.70554 range. price could move to 0.70070