AUDUSD remains in uptrend from 0.6248 and the rise extends to as high as 0.8477 level. As long as 1.8180 support holds, wed expect further rally to 0.8600 zone. However, below this level will indicate that the rise from 0.7703 has completed, then deeper decline could be seen to 0.7800-0.7900 area.
For long term analysis, AUDUSD has formed a cycle bottom at 0.6008 (2008 low) level on monthly chart. Further rise to 0.8300-0.8600 area is still possible.
