Key levels marked down on the chart, retracement towards major trendline, rejects at important key level longer term (redline), breaks lows of the retracement, take it short to level indicated on the chart. WATCH what price does around 1.0704, this is an important level. Decrease risk because of this level.
Who says trading has to be rocket science? price just crossed the 200 ema, looking for the 20 ema to cross as well... the aussie is stronger than the dollar today, and we always look to trade the strong vs the weak... look to take profits and place stops around key levels, which are the pink lines on the chart