The dollar has been weakening on retracement which has also caused AUDUSD to progress higher in the form of a major retracement.
That retracement went into a range between 0.7100 and 0.7150 for about a week.
And finally, as of yesterday, the first lower high of the month is created as price started to break away from the range.
This is largely caused by a strengthening dollar and it is very likely for the dollar to strengthen for a third consecutive day base on technical factors.
Most importantly, shorting the AUDUSD near the 0.7130 region allows a tighter stop loss and more space for profit.