FXStreet notes that AUD/USD faltered ahead of the near-term downtrend. According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, a close below the 0.7564 February low is set to trigger a slide to the 0.7463 mark. 

“AUD/USD spent last week capped by initial resistance at the 0.7663/93 late February low and late March high and also along the 55-day ma at 0.7713 and this leaves the market on the defensive.” 

“A close below the 0.7564 February low would probably trigger a slide to the 0.7463 December 21 low and the 0.7413 September high.”