The AUDUSD has been pushed higher after a change in government leadership which assigned the pro-businessman in the Prime Minister seat. Technical analyzers may think that the downtrend from 1.1080 (highest price in 2011) is still in progress. 61.8% retracement of 0.4775 to 1.1080 at 0.7180 has already been touched. It can lead any traders who can handle their trades in long term to be bearish. But in other side, the price was broken above the falling trend line resistance which is capping gains since mid-May, however did not verify itself yet, but can make hope for bullish traders.
Touching 23.6 Fibo level of recent daily downtrend may cause a fall back which is also necessary for breaking verification, and then a bullish try to 38.2 (0.7370) and even higher in 50 level (0.7525) OR 61.8 LEVEL (0.7670).