AUDUSD remains in the uptrend from 0.7501, the fall from 0.7694 is likely consolidation of the uptrend. Range trading between 0.7580 and 0.7694 is possible in a couple of days. The uptrend could be expected to resume after the consolidation and a breakout of 0.7694 could take price to test 0.7729 resistance. Above here could trigger further bullish move to 0.7800 area. Near term support is at 0.7580, only break below this level could bring price to test 0.7501 previous low support. Below this level will confirm that the downtrend from 0.8124 (Sep 8 high) has resumed, then the following downside movement could take price towards 0.7328.
