AUDUSD: To confirm its bottom, AUDUSD will have to retake the 0.9305 level. While that level remains unbroken, our bias remains lower in the long term. We look for its current recovery attempts to fail and a return to the 0.9000/0.8997 levels to occur. A violation of here will call for a run at the 0.8900 level. Conversely, AUDUSD will have to retarget the 0.9305/44 levels to validate its temporary bottom scenario. Further out, resistance comes in at the 0.9400 level and next the 0.9450 level. All in all, the pair remains biased to the downside medium term.
