AUDUSD remains in uptrend from 0.8066, the price action from 1.0182 is treated as consolidation of uptrend. Lengthier consolidation is expected in a couple of weeks and pullback to 0.9600 area to complete the consolidation would likely be seen. Resistance is at 1.0255, only break above this level could signal resumption of uptrend.
For long term analysis, AUDUSD had formed a cycle bottom at 0.9537 level on weekly chart. Further rise to 1.1000 area is expected in next several weeks.
