AUDUSD stays in a trading range between 1.0440 and 1.0773. The price action in the range is treated as consolidation of downtrend from 1.1011. Another fall to 1.0350 is possible next week. Resistance is at 1.0773, only break above this level could trigger another rise to test 1.1011 previous high 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.
