If there is a break to the downside out of the current range, Point D may be a good target from a short perspective. Then a possible pullback to prior support before an additional drop.
To the downside first 112-111.50 then a reverse up.
This is a daily chart. I think we see GBPAUD in the 1.7730's this week then potential to the upside. If no reverse here then down it goes.
If the 0.6805 area is breached, then down to the first support box on the major bullish trendline. From here, another break could result in point D then a reverse back to the upside before another leg down. If support holds on the major trendline up, then a double top near the recent highs may be seen.
Information noted in the chart.
As speculated last week we saw the pair break a significant area. We may see 1.5700 soon
AUDUSD broke out to the downside and ended the week retesting the support, now resistance. We may see the paid make its way to longer-term support around 0.6700.
May retest prior supports 50-100 pips up before turning to the downside.
If the VWAP isn't respected than an inverted H&S may have found the right shoulder. If VWAP is respected, 104-102's may be seen.
EURAUD broke resistance and then pullback towards the end of last week to retest it. We may see a small decline more (red box) then a shot up to the next area of resistance as indicated by the green box.