AUDUSD is facing 0.8847 support, a breakdown below this level will indicate that the downtrend from 1.0582 has resumed, then further decline to 0.8500 area could be seen. On the other side, as long as 0.8847 support holds, the sideways movement in a range between 0.8847 and 0.9344 could be expected to continue, and another rise to test 0.9344 key resistance is possible.
