AUDUSD’s upward movement from 0.7310 had completed at 0.7497 already. The subsequent fall is likely resumption of the downtrend from 0.7778. Further decline to test 0.7310 is possible in a couple of days, a breakdown below this level will confirm that the downtrend has resumed, then next target would be at 0.7200 zone.
![audusd chart](https://www.forexcycle.com/wp-content/uploads/2016/20161201_AUDUSD_1.png)