AUDUSD’s fall from 1.0612 extends to as low as 1.0276. Further decline would likely be seen over the next several days, and next target would be at 1.0100 area. Resistance levels are now at 1.0400 and 1.0450, as long as these levels hold, the downtrend will continue.
For long term analysis, AUDUSD is forming a cycle top at 1.0612. Further decline to 0.9700 area would likely be seen over the next several months.
