AUDUSD broke above the downward trend line on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.0855 is underway. Range trading between 1.0421 and 1.0665 would likely be seen. As long as 1.0665 key resistance holds, we’d expect downtrend to resume, and another fall towards 1.0200 is still possible.
