AUD/USD has been in a bearish trend since reaching a high on the year around 0.8135. On the daily chart, we can see that price has fallen down to almost 0.73 before consolidating. $AUDUSD Daily Chart(click to enlarge)Small Consolidation Range:- Price is essentially trading between 0.7320 and 0.7480. - A break below 0.73 or above 0.75 should send price to the next pivot level.- To the downside we can see key support around 0.7155, a key common support pivot.- To the upside, we should anticipate resistance around 0.7650 (where the 200-day simple moving average resides at the moment). - The thing is, we should respect the bearish trend because the RSI is showing the maintenance of bearish momentum.- I think there is a better chance price falls to 0.7155 then to rise to 0.7650.