AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7295. As long as the trend line resistance holds, the price action in the trading range between 0.6670 and 0.6929 could be treated as consolidation for the downtrend, further decline to 0.6500 area is possible after the consolidation. Key resistance is at 0.6929, only break above this level could signal completion of the downtrend.
