AUDUSD moves sideways in a narrow range between 0.9037 and 0.9180. The price action in the range is likely consolidation of the downtrend from 0.9344. Another fall to test 0.9037 support could be expected, a break down below this level will signal resumption of the downtrend, then next target would be at 0.8950 area. On the upside, a break above 0.9180 resistance will suggest that lengthier consolidation of the longer term downtrend from 1.0582 (Apr 11 high) is underway, then further rally to 0.9270 area could be seen.
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