AUDUSD is in downtrend from 1.0582, the rise from 1.0220 is likely consolidation of the downtrend. Resistance is at 1.0400, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.0000 could be seen after consolidation.
For long term analysis, AUDUSD is forming a sideways consolidation in a range between 0.9390 (Oct 4, 2011 low) and 1.1080 (Jul 27, 2011 high). Pullback to 1.0000 area could be expected over the next several weeks.
