Lower Highs, Lower Low. Plus the fact that longs were drastically cut on the COT report for 2 weeks now. If .7725 is broken above, then target in invalidated. US hike in the December on the table may also put pressure on AU.
Double Top Formation on the daily candles have bearish tone. Supporting information: UK looking to cut rates in August or add QE and US looking to raise rate later this year. US also printing better than expected economic datas suggesting robust US economy. Good change GU will go lower with target 1.2500