AUDUSD is forming a sideways movement in a range between 0.8642 and 0.8898. As long as 0.8898 resistance holds, the sideways move could be treated as consolidation of the downtrend from 0.9401, another fall to 0.8400 area is still possible. Support is at 0.9642, a breakdown below this level will signal resumption of the downtrend. Resistance is at 0.8898, only break above this level will indicate that the downtrend is complete.
