AUDUSD is in consolidation of the downtrend from 0.9756 (Oct 23, 2013 high), one more rise to 0.9040 area to complete the consolidation would likely be seen. On the downside, as long as 0.9040 resistance holds, the downtrend could be expected to resume, and another fall towards 0.8500 is still possible after consolidation. Only a clear break above 0.9040 resistance could signal completion of the downtrend.
