AUDUSD formed a short term cycle top at 0.7014 level on 4-hour chart. Deeper decline is expected to retest 0.6008 previous low support. A break down below this level will signal further fall towards 0.5500 zone. Key resistance is now at 0.7014, rise above this level will indicate that the down trend from 0.9849 (July 15 high) has completed.
