AUD/USD has been bullish in 2017 but slowed down in February and is now likely turning bearish.AUD/USD 4H Chart 3/3(click to enlarge)Shift in Trend:- The 4H chart shows the change in pace in the prevailing rally. - When it fell below 0.7640 this week, AUD/USD completed a price top. - Then, the pair fell sharply, signaling a bearish correction or reversal.Entry Points, Targets:- If AUD/USD rallies, we should consider shorting it in the 0.76-0.7650 area.- I think we should also watch the 4H RSI. An ideal situation is the RSI coming back up to around 60, but turning back down after failing to clear it. - Take a look at the daily chart below.- The 0.75 handle would be the first bearish target. - The 0.7310 area could be a more aggressive target.- Finally, the most bearish target should be limited to the 0.7140-0.72 area, which is the support of a year-long price range as we can see on the daily chart.AUD/USD Daily Chart 3/3(click to enlarge)Watch Reaction at 0.75:- If AUD/USD finds support at or above 0.75, and the daily RSI turns up from 40, we could still be in a bullish situation with upside back to 0.77 and even the 0.7833 high from 2016. - Basically if price bounces off 0.75, it would be a battle between the bulls at 0.75 and the bears in the 0.76-0.7650 area. - A break below 0.75 on the other hand should open up the other two targets at 0.7310 and the 0.7140-0.72 area.- On the other hand, a break above 0.7650 makes the bullish outlook more likely with the 0.7833 high in sight.