Anyhow, the seem to be holding its ground although the target of 1.45 - 1.43 hasn't been hit yet. Current retracement could see 1.508 before dropping. If this is the case, then its a classic text book study of (I've plotted the moves on the white box to the left).
A retest of the neckline usually gives a robust confirmation of the target. So i'll be closely watching this pair. If a good reversal pattern forms at 1.508 - 1.505 then i'll be keen to short this pair. However, the stops for this comes in a bit further up at the right shoulder (c. 1.54 - 1.55).
Also, if the is tested and confirmed it would be a beautiful trade to take on. Because we get 3 confirmations.
2. Past support turns resistance
3. Price respects the downward
So for now, just keep an eye out on EURAUD ... and AUDUSD .. one of these two will clue you into Aussie strength or weakness.