AUD/USD's recovery was limited at 1.0887 and subsequent sharp decline suggests that correction from 1.1010 is resuming. Intraday bias is back on the downside for 1.0526 and then 100% projection of 1.1010 to 1.0536 from 1.0887 at 1.0413. On the upside, though, above 1.0887 will turn focus back to 1.1010 high instead.
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.