The weekly chart is not , but not so either. The though looks weak. Price rallied to retest the neckline, with weak candles and close to overbought. The histogram is falling, and this is the first signal that the rally is weakening.
My trade plan is :
1 - Enter a sell stop order for two lots two hours (that's when I'll sleep) before the chinese data.
2 - Exit one lot at 1.77550 or both if there is a (that is what I would like to see on AUD pairs, corrective double bottoms or double tops with bullish/bearish divergences)
3 - Exit the second lot at 1.74550.
My position will be very small because forex is not really my thing, I still have a lot more to learn.
The 4H chart here :