Weekly Chart AUD/USD: Retracing the June/September rally

Consolidation at the .7100/.7080 support has given way to break to reach the .7000 figure and retrace 61.8% of June/September rally. 

Negative daily and weekly studies keep pressure on the downside and threatens break here to open up room for deeper pullback to support at .6950 congestion. Below this will see room to the .6900 level and channel support from the March low where reaction can be expected. Break here, if seen, will see deeper pullback to retest strong support at .6865/.6833, June and March lows.  

Meanwhile, resistance is lowered to the .7080/.7100 previous support. Would take break here to fade the downside pressure and open up room for retest of the .7200 level. Break here will expose the .7238 high of 9 September and .7278 May current year high to retest.