The AUDUSD has been in a constant strong downward movement over the past few weeks, and there's been good money to be made selling this pair.
However, we're at a horizontal level on the weekly timeframe, and are obviously overextended. Price is forming a bullish pin bar on the daily timeframe and has reversal divergence on stochastic indicating a move to the upside is to be expected.
We've got to wait until the end of the trading day for a confirmed signal, but price certainly seems to be stalling. There's massive reward:risk trading this pair long, with at least 400 pip potential gain.