AUDUSD failed to break above 0.9343 resistance, and stayed in the trading range between 0.9237 and 0.9343. As long as 0.9343 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1 high), another fall towards 0.9000 is still possible after consolidation. Only break above 0.9343 resistance could signal completion of the downtrend, then the following upward movement could bring price to 0.9450 area.
