After touching 0.8898 resistance, AUDUSD pulled back into the trading range between 0.8642 and 0.8898, indicating that the pair remains in downtrend from 0.9401 (Sept 5 high), and the sideways movement in the range could be treated as consolidation of the downtrend. Deeper decline to test 0.8642 could be expected, a breakdown below this level will signal resumption of the downtrend, then next target would be at 0.8400 area. Resistance is at 0.8898, only a clear break above this level could signal completion of the downtrend.
