AUDUSD failed to break above 0.7566 resistance and stayed in a trading range between 0.7412 and 0.7566. As long as 0.7566 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7813 and another fall towards 0.7300 is still possible after the consolidation. Only a breakout of 0.7566 resistance could signal completion of the downtrend.
