AUDUSD pulled back from 1.0751 and the fall extended to as low as 1.0202, suggesting that a cycle top had been formed on daily chart. The pair is now in downtrend, deeper decline could be expected after a minor consolidation, and next target would be at 1.0000 zone.
For long term analysis, AUDUSD had formed a cycle bottom at 0.9390 on weekly chart. Range trading between 0.9390 and 1.1080 is expected over the next several weeks.
