The RSI indicator is making lower lows whereas the prices are making higher highs, signalling a bearish divergence. Enter the trade around 1.7230 with first target of 1.71800 and the second target around 1.70937. The nearest Stop loss for the pair is kept at 1.73072.
A head and shoulder pattern in making can been in 1 day chart of AUDUSD pair and is expected to test the 0.69351 handle in near future with nearest stop loss set at 0.68970.