AUDUSD has reached the upper border of the rising price channel on daily chart. Minor consolidation would more likely be seen in next several days. However, uptrend is expected to continue after consolidation and 0.9500 remains the possible uptrend target. Support level is now at 0.9100 followed by the bottom of the price channel.
For long term analysis, AUDUSD is in long term bullish movement. Further rise towards 0.9300-0.9500 area to reach next cycle top on weekly chart is possible in next several weeks.
