AUDUSD is now in downtrend from 1.1011, and the fall extended to as low as 1.0520. deeper decline is expected next week, and next target would be at 1.0200-1.0300 area. Resistance is at 1.0720, as long as this level holds, downtrend will continue.
For long term analysis, AUDUSD had formed a cycle top at 1.1011 level on weekly chart. Deeper decline could be seen in next several weeks, and target is at 0.9500 area.
