AUDUSD broke below 0.8916 key support, suggesting that the uptrend from 0.7703 has completed at 0.9404 already. Deeper decline is now in favor and next target would be at 0.8650-0.8700 area. Resistance is at 0.9150, as long as this level holds, downtrend from 0.9404 will continue.
For long term analysis, AUDUSD has formed a cycle top at 0.9404 level on weekly chart. Fall towards 0.8500 area is expected in next several weeks.
