AUDUSD’s fall from 0.9079 extended to as low as 0.8800 level. Deeper decline is still possible later today and next target would be at 0.8700 area. Resistance is at the downtrend line from 0.9079 to 0.8981, only a clear break above the trend line resistance could indicate that the downward move from 0.9079 is complete.

width=400