Dear friends, in my previous AUD/USD idea(attached below), I told you about selling at 0.7240 at the descending trendline resistance.
As you can see, AUD/USD reversed nicely from the resistance level. However, there may be much more drop left.
A strong break below the 0.7160 level would lead to more downside. So, as long as price stays below the trend line resistance, selling the rallies is preferred.