Being contained by the key resistance at 0.6529, AUDUSD pulls back from 0.6521 level. The pair might be forming a short term cycle top at this level, key support is located at 0.6331, a break below this level will confirm the cycle top and then deeper decline could be seen to retest 0.6248 previous low support. However, above 0.6529 key resistance will indicate that the fall from 0.6849 has completed and further rally is expected to 0.6700-50 area.
