As of monthly AUD/USD chart, the currency pair is currently in the previous supply area which has been a previous demand area back in 05.2009 and 06.2010 with a high probability of a drop as it is bouncing off the trendline.
The daily chart is showing bearish signals with Fibonacci suggesting the price might be retesting the previous demand area, around price 0.69698, the Fibonacci level of 1.272. The stochastic indicator is overbought and it is showing diverg ence on a different time frames.
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