The AUD/USD posted a 5-wave reversal off the 1.1010 highs which does suggest that there may be some more downside yet to come. If that is to be the case, then we should expect technical levels such as 1.0790 (the 61.8% of 1.1010/1.0435) to form some strong resistance.
On the other hand, AUD/USD is still on a strong uptrend and trying to fight it may well be totally pointless. Recent support has been solid at 1.0600 and the bears will struggle to get below there.
If in doubt, trade the edges of this 1.0600/1.0790 range until the picture becomes clearer.