After breaking above 0.6891 resistance, AUDUSD pulls back from 0.7014 level. Deeper decline to test 0.6549 support could be seen later today. As long as this level holds, we’d expect uptrend to resume and one more rise above 0.7014 level to reach the next cycle top is in favor. However, below 0.6549 level will indicate that the down trend from 0.9849 (July 15 high) has resumed.
