AUDUSD stays in a trading range between 0.8847 and 0.9344. As long as 0.9344 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0582, one more fall to 0.8500 area to complete the downward movement is still possible. On the upside, a break above 0.9344 will indicate that the downtrend from 1.0582 had completed at 0.8847 already, then the following upward movement could bring price back to 1.0000.
