AUDUSD is now in downtrend from 1.0855, and the fall extended to as low as 1.0421. Further decline is still possible after a minor consolidation, and next target would be at 1.0200 area. Resistance is at 1.0670, as long as this level holds, downtrend will continue.
For long term analysis, AUDUSD is forming a cycle top at 1.0855 on weekly chart. Range trading between 0.9390 and 1.1080 is expected over the next several months.
