An obvious support turned resistance area can be seen on the 4hr timeframe as price broke lower last Friday.
The EurAud retraced higher earlier this week and a bearish candle can be seen rejecting from the resistance area.
My Sell position:
Entry: 1.5657
Stop: 1.5757
TP: 1.5507
** This is not a Buy/Sell recommendation
** Please do your own due diligence