The AUD/USD pair has been in an uptrend throughout August, reaching a new high of 0.6824. The pair is currently consolidating near this level, with potential for a continuation of the uptrend or a reversal.
A break above 0.6800 would signal a continuation of the uptrend, with potential targets at 0.6824 and higher. However, a break below 0.6751 could indicate a reversal and a potential decline towards 0.6700-0.6705.
The RSI momentum indicator is showing bearish momentum, suggesting a potential for a short-term pullback. However, the overall uptrend remains intact.