AUDUSD continues its downward movement from 0.9168, and the fall extends to as low as 0.8820. Initial resistance is at 0.8900, as long as this level holds, the downtrend remains, and next target would be at 0.8750 area. On the upside, a break above 0.8900 resistance will indicate that consolidation of the downtrend is underway, then further rally towards to upper line of the price channel on 4-hour chart could be seen.
