AUDUSD’s fall extended to as low as 0.9663. Further decline is still possible next week, and next target would be at 0.9550. Resistance is at 0.9900, only break above this level could indicate that the downtrend from 1.0751 is complete.
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.
