AUDUSD remains in downtrend from 0.9461, the rise from 0.9202 is likely consolidation of the downtrend. Key resistance is at 0.9316, as long as this level holds, the downtrend could be expected to resume, and next target would be at 0.9150 area. Only break above 0.9316 resistance will indicate that the downtrend had completed at 0.9202 already, then the following upward movement could bring price to 0.9550 – 0.9600 area.
