In long-term ,AUD/USD seems to be locked to an upward rectangular ,as shown by the lines a-b, while in the medium term the rectangular is moving downward as shown by the lines e-z.

If y = x   AUD/USD =0.8406.

Support: 0.83- 0.8406 -0.8601
Resisttance: 0.8826- 0.8958 – 0.9095

By Theodoros Batsoulis, Technical Analyst