Buyers making a play?
The price of AUDUSD has seen a break below a swing area (see red numbered circles) at the 0.72979-0.73022 area and then a trend line (currently at 0.7287). The fall moved to a low of 0.72766, but we have now seen a move back higher. IN the process, the broken trend line has rebroken (failed break) and looks toward the swing area.
So buyers are making a play, but they need to see the price rebound above the 0.73022. If that can’t happen, look for a continuation of the downside.
Time will tell but buyers are trying to take back control.