A sharply drop had brought price back to as low as 1.0376, suggesting that lengthier consolidation of the uptrend from 0.8066 (2010 low) is underway. Deeper decline is still possible next week, and target would be at 1.0200-1.0250 area.
For long term analysis, AUDUSD is in uptrend from 0.8066. Further rise towards 1.2000 to reach next cycle top on weekly chart is expected.
