We have seen some upside for the Aussie in the overnight session after RBA statement, but on the 30min chart we see a three-wave rally which can be a correction that may stop at 0.7630/40 area. The price is now at potential resistance, so watch out for a turn down and a possible break of the lower trendline which would confirm a bearish continuation.
AUDUSD, 30Min
Another reason we think that AUDUSD can stay under pressure is also gold which is looking bearish after a five wave decline from 1263. We see this leg as wave A that belongs to a bigger corrective set-back so more weakness after wave B bounce will be in view, which may cause a new leg down on the Aussie as well.
GOLD, 1H