Its the second consecutive week that the pair rise up to 0.72 and drop hard around 100-150 pips in a matter of an hour! There is a clear ELIOt wave formation and its currently sitting on the D point, but there is a lot of releases this week on AUD and those news could affect the chart patterns so we should be careful with the pair and see how it plays! On my way of view the pair should rise back again to 0.72 before it breaks the 0.7030 are to reach further lows.