Aussie’s sharp retreat from 0.77 handle following multiple candles with larger upper shadows when viewed with an overbought money flow
index suggests the bird is in for at least a short-term trend reversal.
Also note the failure to hold above 0.7676 (161.8% Fib expansion).
Thus, a bearish
break below rising trend line
looks likely, in which case the pair could head lower to 0.74 handle.
view is at risk of day end close above 0.7760.