As we can see from this 1D chart, AUDUSD is sitting at this key downtrend resistance level. I would like to wait for either a break of this resistance level to buy or a reverse of this resistance and sell to aim for our first target level of 0.7600. If we meet 0.7600 we could either see a bounce back up or a break and see the price decline more.
I am just a learning trader sharing my own thoughts.