AUDUSD is facing the key support of 1.0628, a breakdown below this level will indicate that the uptrend from 0.9861 (Dec 15, 2011 low) has completed at 1.0844 already, then the following downward movement could bring price to 1.0400 area. On the upside, as long as 1.0628 level holds, the price action in the range between 1.0628 and 1.0844 could possibly be consolidation of the uptrend, and one more rise to 1.0900 is still possible after consolidation.

audusd