AUDUSD moved sideways in a 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. On the upside, a break of 0.9343 resistance will indicate that the downtrend had completed at 0.9237 already, then further rise to 0.9450 area could be seen.
