No change in AUD/USD's outlook. Consolidation from 1.1010 is still in progress and could extend further with another fall. Below 1.0536 will turn bias to the downside again and bring fall resumption towards 50% retracement of 0.9704 to 1.1010 at 1.0357. On the upside, break of 1.1010 will confirm up trend resumption and should target upper channel resistance at 1.1218.
In the bigger picture, rise from 0.8066 is part of the up trend from 2008 low of 0.6008 and is still in healthy status. AUD/USD is staying comfortably inside medium term rising channel. Current rise should target 100% projection of 0.6008 to 0.9404 from 0.8066 at 1.1462 next. On the downside, break of 1.0254 resistance turned support will, however, suggest that 1.1010 is a medium top and in such case, deeper decline would be seen towards 0.9404 support to correct the whole up trend from 0.6008.