AUDUSD is now in downtrend from 1.0585. Further decline would likely be seen next week, and next target would be at 1.0200 area. Key resistance is at 1.0585, only break above this level could signal resumption of the uptrend from 1.0149.
For long term analysis, AUDUSD is forming a sideways consolidation in a range between 0.9390 (Oct 4, 2011 low) and 1.1080 (July 27, 2011 high). Further rise towards 1.1080 previous high would likely be seen over the next several months.
