AUDUSD breaks below 0.9001 key support, taking price back to range trading between 0.8577 and 0.9404. Sideways movement in the range would more likely be seen in next several weeks. Key support is at 0.8577, only fall below this level could trigger deeper decline to 0.8000-0.8200 area.
For long term analysis, AUDUSD formed a cycle bottom at 0.8577 level on weekly chart. Sideways consolidation in a range between 0.8577 and 0.9404 would more likely be seen in next several weeks.
