• AUD/USD bears take charge and are moving in for the kill. 
• 0.7450 is the focus for the sessions ahead. 

AUD/USD is under pressure below a wall of resistance on the daily chart and is in the hands of the bears leaving the focus on the downside. The prior resistance has a confluence with the 50% mean reversion target while the 21-day moving average is aligned in this area as well for additional confluence:

AUD/USD daily chart

AUD/USD H4 chart

From a 4-hour perspective, the pair is making tracks to the downside following a test of the 61.8% Fibonacci retracement of the prior bearish impulse and the 21 moving average. Bears will be seeking a break of the 0.7450s for a faster trip to 0.74 the figure.