AUDUSD broke below 0.8858 key support, suggesting that a cycle top had been formed at 0.9079 level on 4-hour chart. Deeper decline is now in favor and next target would be at 0.8700-0.8800 area. Resistance is at 0.8940, only break above this level will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 0.9050 zone.

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