FX:AUDUSD   Australian Dollar / U.S. Dollar
The aussie is inside a bearish channel in H4 chart, the price broke the bigger trendline in daily chart and is now goign down towards the first green line (38.2% Fibonacci), look at the volumes: They are decreasing while the price is going up, it means that the pair is having a retracement and the trend direction is downward.
Keep in mind that the 38.2% represents the first target also in the daily chart , whereas in the weekly chart there was a bearish harami pattern around 4 weeks ago, and the rsi signalled a sell movement, so the bigger picyure target is around 0.7400 where the 100-day moving average is located.
Keep in mind that RBA is tryng to put weight on The australian dollar because the QUANTITATIVE easing has been extended to November 2021 recently.