AU will retest the new support, top of pink rectangle, and or the lower trendline. At this point price may break below the new support, indicating a short opportunity, or it could bounce off this new support, indicating a new upwards trend, and a good long setup:)
If it bounces and setups for a long, be careful when price hits resistance (top of rectangle)!
If it bounces and setups for a long, be careful when price hits resistance (top of rectangle)!