AUD/USD recovered quickly after dipping to 0.8416 and intraday bias is turned neutral first. Some consolidations would be seen but near term outlook stays bearish as long as 0.8795 resistance holds. We'd still expect further decline ahead. Below 0.8416 will target 100% projection of 0.9401 to 0.8642 from 0.8910 at 0.8151 next.
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