AUDUSD is in downtrend from 1.1011, the price action from 1.0440 is treated as consolidation of downtrend. Deeper decline would likely be seen next week, and next target would be at 1.0350 area. Resistance is at 1.0773, only break above this level could trigger another rise to test 1.1011 resistance.
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.
