AUDUSD is facing 0.9305 resistance again, a break above this level will indicate that the downtrend from 1.0582 (Apr 11 high) had completed at 0.8998 already, then the following upward movement could bring price back to 1.0000 zone. On the downside, as long as 0.9305 resistance holds, the price action from 0.8998 could be treated as consolidation of the downtrend, one more fall towards 0.8500 is still possible after consolidation.
Provided by ForexCycle.com
