AUDUSD remains in downtrend from 0.9080, the rise from 0.8890 could be treated as consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 0.8800 area. On the upside, a clear break above the channel resistance will indicate that the downtrend from 0.9080 had completed at 0.8890 already, then the following upward move could bring price to 0.9400 zone.
