Ian Coleman, from First4Trading.net, explains in a technical analysis why AUDUSD has a bearish bias across several timeframes.

He says the that risk/reward for selling AUDUSD is favourable and explores the monthly, weekly, hourly and daily charts.

Coleman plans to sell AUDUSD - half a unit - at market, and sell another half unit at 0.7460. His stop is 0.7510 and his medium/short-term target is 0.7200.