AUDUSD remains in downtrend from 0.9381 and the bounce from 0.8071 is more likely correction of downtrend. Another fall is still possible after correction. A breakdown below 0.8071 could indicate that the downtrend has resumed, then next target would be at 0.7800 area.
For long term analysis, AUDUSD broke below 0.8577 previous low, suggesting that a cycle top had been formed at 0.9381 level on weekly chart. Deeper decline to 0.7500 to reach next cycle bottom is expected.