AUD/USD in triangle

Obviously, everyone is watching 0.694 since it is the current support level, but the real test is going to be 0.69. There is a lot of premature selling going on on a retail level, but it's not the time to short just yet.
The triangle shows that price keeps pushing back into the support level and the bounces become smaller and smaller.

Patience is what is needed in the Aussie. Although this could set up for a great trade, we remain on the sidelines with a heavy bearish bias when the support breaks.