On a daily graph the AUD/USD has formed the combination of candlesticks Bullish Engulfing that indicates the downside movement.
This combination of candlesticks developed near the support level of 0.9537, where the bulls started increasing their influence and a rollback took place after a decline. This combination of candlesticks provided a good opportunity to open long positions.
A breakout of the resistance level of 0.9710 will confirm this point of view. In this case we forecast the uprising movement with the target to 0.9965.
However, in case the reversal takes place and the AUD/USD breaks through the support level of 0.9537, then long positions should be closed, since it will result in further decrease to 0.9300.