AUD/USD continues to fall inside the clear Triangle chart pattern that was earlier identified by Autochartist on the 4-hour charts. The top of this Triangle formed recently when the pair reversed strongly down from the combined resistance zone lying between the resistance level 0.9090 (which has been reversing the price down from January), 38.2% Fibonacci Correction of the preceding daily downward impulse from last November and the upper daily Bollinger Band. The price is expected to fall further to the target level 0.8935 (the projected value of the lower support trendline of this chart pattern)
The following daily AUD/USD chart shows the aforementioned resistance zone