saw a bullish
run last week. We were able to capitalize on some profits from shorting it, however bulls later took over to go higher. Seeing that AUDUSD
did not make a higher high, its safe to say that the pair is overall still bearish
. With a break of a trendline
on the 4hr chart, theres a good possibility that the pair would head lower to at least 0.70104 before having some sort of resistance.