Look for a break of this near-term descending channel formation for guidance with a topside breach targeting 7071 backed by 7097 - key resistance / broader bearish invalidation stands at the monthly open / 61.8% retracement at 7122. A close below 70 exposes subsequent support objectives at the 6955.Review my latest AUD/USD Weekly Price Outlook for a look at the longer-term technical trade levels.