This shows classical charting for inverted cup or so called ascending scallop. Breaking below .68 support level might drop this to uncharted territory. Notice the drop in the volume and CCI is sinking lower which is sell signal as well. In addition the Australian economy is not doing well...
Note
After Trump comments faded the real picture is back to the technicals and the pattern is unraveling.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.