The AUDUSD has continued the fall toward the parity level, after breaking the 100 hour (blue line), 50% retracement at 1.00468 and the low from yesterday at 1.0040.  The recent lows came in at the 1.0007-10 but through the 1.0000 level is the attraction for the market/traders. 

Looking at the 5 minute chart, the price has taken two steps lower today, with each correcting 38.2% (see yellow area in the chart below).  This is typically indicative of willing sellers (sellers in control). 

On a break of the parity level, the pair would next target the low for the month at 0.99675. The 38.2% of the move up this month comes in at the 0.99768.  Breaks of those levels increase the bearishness for the pair and should lead to a further momentum move lower with 0.9900 being a level to eye.