AUDUSD Risk of more downside

We have seen price traded strongly to the downside in the past weeks, 0.7500 was the price for the long term up and down position we have taken in this pair. The current level price is trading at is really low for what was expected, however price action suggest a breakdown below 0.7100 will open further slide in the pair.
We are short AUDUSD from 0.7110, stop loss at 0.7130.
Below 0.7100, we will first target 0.7080 and 0.7055 for extension.

Trade active

Trade closed: stop reached:

Aussie has the mind of its own. did not hit our first target before reversing.
One of those ones