AUDUSD breaks below 0.7057 key support, suggesting that a short term cycle top has been formed at 0.7227 level on 4-hour chart and the short term uptrend from 0.6768 has completed already. Deeper decline is now in favor, and the next target is at 0.6900, below this level will signal further fall to test 0.6768 previous low support. Initial resistance is at 0.7227, only rise above this level will indicate that the medium term uptrend from 0.6284 (Mar 4 low) has resumed.
