AUDUSD moved sideways in a narrow range between 0.9208 and 0.9273. As long as 0.9273 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9408, another fall is still possible after consolidation, and next target would be at 0.9000. On the upside, a break above 0.9273 resistance will indicate that the downtrend from 0.9408 had completed at 0.9208 already, then further rise to 0.9360 area could be seen.
