Chart in Focus: Daily AUDUSD

The Aussie/Dollar has been slowly grinding higher recently but today price formed a bearish pin bar reversal signal as the rally higher found selling interest. We could see some downward movement off today's pin bar, perhaps into the near-term support around 1.0330, and beyond that we see support near 1.0255 area and then further below around 1.0175. We aren't expecting a huge move lower here, but certainly the market could retrace lower into support before pushing higher again.