AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7085 is likely consolidation for the downtrend. Resistance is located at the bearish trend line on the daily chart. As long as the trend line resistance holds, the downtrend could be expected to resume, and further decline to 0.6900 area is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend.
