For AUDUSD , i see a confluence of 2 technical buys. First, AUDUSD is trading within this green . This is a classic textbook pattern. Notice that AUDUSD very nicely touches 2 times the upper line of the . Furthermore, AUDUSD is approaching point 3 of the bottom of the . AUDUSD may do a significant bounce up from point 3.
Second, there is a embedded within this . Its a . The PRZ (potential reversal zone) is at the 78.6% FIB retracement, which is about 0.7700.
With these 2 technical patterns in play, i like this trade.
Long AUDUSD 0.7690-0.7700
SL below 0.7650