AUDUSD makes new low going back to July 2020, and tries to extend back above 2021 low

AUDUSD moves below the 2021 low

The AUDUSD fell to a new low going back to July 2020. In the process, the price fell below the 2021 low at 0.6992.  The low price reached 0.69669 and stayed below that level for around three hours before rebounding back above.  
The last 5 hourly bars ha