Trying to build up momentum off the 1.4006 low but so far still in the realm of a  retracement (high 1.4129 vs. 1.4125 = 50%).. 1.4154 = 61.8% (AT daily chart)

FIBOIS 1.4247 => 1.4006

While a break of the 9 day pivot pattern seems likely today, which would send a bearish signal, it would need to see .6962, the bottom of the range over this period, firmly broken to confirm.

Below .6962 is a void to .6906 although .6950 could put up a fight.

Testing 1.1361 (just broken), the last key support ahead of the key 1.1324  low. Ahead of it, watch 1.1350 as a potential magnet that will be pivotal in dictating whether there is a run at 1.1324.

Back above 1.1380 would be needed to ease the risk.

On the defensive after failing to build on an opening week gap up yesterday.

Now dependent on 4021 holding to prevent the focus shiftING to 4000.

Opening week gap at 4053 vs. 4065 low so far limiting the downside.where 4049 is key supporty bellow it.

(AT 4 hour chart)

Failure to build on its opening week gap has seen a reversal with the opening week gap more than filled and 28K (just broken) come under attack.

Why 28K is important is is there is a big void of support below it so keep an eye on this pivotal level.’

Failure to build on the opening week gap which paused shy of 7500.

This keeps risk on the downside but currently consolidating while above 7395.

Opening gap filled1.3321) and now dependent on 1.3298 to prevent downtrend starting a new leg.

On the upside, intra-day high at 1.3364.

9 days is a long time for a currency to pivot a level and AUDUSD extended its pattern around .7000 to  to 9 days in a row.

Stay alert for a directional move once the pattern is broken, which would need to break either side of a .6962 – .7027 range to confirm..

Opening week gap would need to take out 4166 to break downside risk and turn chart in favor of the upside..

Range so far 4083-4116