The AUDUSD series of lower highs (and lower lows) since the June high of .8270 is in jeopardy as price is nearing the June 30th high of .8160. Bigger picture, the AUDUSD is at risk of a significant decline as the structure of the rally from .6005 is corrective (3 waves) and retraced close to 61.8% of the previous decline. Coming under .7955 would favor bears.