The drop from the 0.7242 to 0.7060 is a 5 wave movement and now it is correcting it.. probably retesting the 0.7218 level. After this market should resume downtrend and brake the up trendline. Coming news from the AU or US should influence that.
DXY right now close to turning point for the upside.. If 96.36 doesn`t hold and closes below it would mean ... weakness in the DXY.. thus helping the AUD strenght and failing to break the up trend line on the AUD/USD 4h chart.