AUDUSD stays in a trading range between 0.7201 and 0.7277. As long as 0.7277 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7337, and further decline to 0.7100 area is possible after the consolidation. Only a breakout of 0.7277 resistance could signal completion of the downtrend.
