AUDUSD’s downtrend from 1.0751 extended to as low as 0.9963. Further fall could be expected next week, and next target would be at 0.9700. Resistance levels are at 1.0200 and 1.0300, as long as these levels holds, downtrend will continue.
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.
