AUD/USD weekly close below 6990 and at the lows of the week are a negative signal for the start of this week. Further losses target late September lows at 6937/32. If this does not hold the downside in oversold conditions, we risks a retest of important September and 2015 lows at 6901/6893. A break and daily close below here is another sell signal to target 6867/63 and 6850/48.
First resistance at 6970/75, but any shorts need stops above 6985 to target 7015/20 then 7045/50. If we continue higher look for an excellent selling opportunity at 7075/80.