After consolidating in October AUD/USD ended the month with a bearish push, thanks to the FOMC announcing the end of QE, which boosted the USD across the board.AUD/USD 4H Chart 11/6(click to enlarge)The AUD/USD fell from around the 0.89 consolidation high last week and broke into new lows on the year this week. There were a slew of AUS data, as well as the RBA decision, which was a hold of the official cash rate at 2.50% as expected. The next fundamental factors will be the RBA statement and the US NFP. The NFP report will probably be more important, unless the RBA statement shows consideration of a rate hike, or further stimulus, both unlikely at this point. Now, after the NFP, if price holds below 0.8650-0.8675, AUD/USD should remain bearish, especially if the NFP was weak. This is because a weak NFP might pressure the USD, but it is unlikely to completely reverse its strength. Now, if the NFP is strong, the AUD/USD should fall further, but if it climbs back above 0.8675, we might have a problem. Then, we should see if price can hold below 0.8750, which is like the last line of defense for the bearish continuation scenario. A break above 0.8750 would signal further consolidation/bullish correction especially if it happens despite a strong NFP.