AUDUSD has formed a huge inverted wedge pattern. As price moves toward the end of the pattern, bigger swings happen. Recently, price broke the consolidation rectangle area downward and is moving toward the horizontal area which will probably slow the price movement. Have to wait and see if this horizontal area can prevent the price from falling further or not.
So, previous short-term analysis of AUDUSD failed. It seems an inverted triangle pattern is forming. Let's see this is true or not.