AUD/USD has been trading in consolidation and trading in range between 0.72110 to 0.70403, pair has been failed to make breakout above the 50MA and still trading below 200MA, trendline also suggest downtrend to remain in the current week. Traders may look for short position with a target of 0.70403 with SL close above on daily candle 0.72110. Other indicators RSI and MACD also showing bearish sign.