In November, AUD/USD made a bullish reversal swing. However, it held under 0.74 and under the 200-day simple moving average (SMA). Last week, we noted that bears were back in control: AUD/USD Bears Clearly in Control Again; 0.6825 in SightAUD/USD Daily Chart(click to enlarge)Back to the Low:- As we can see on the daily chart, AUD/USD did return to the lows on the year, and in a hurry last week.- I think the market will pull AUD/USD to 0.70. - If there is a bounce, we will probably see resistance around 0.7155. - If this materializes, we should look for further downside towards the 0.6825 area, which is the low from 2016 as we can see on the weekly chart.AUD/USD Weekly Chart(click to enlarge)