AUDUSD is forming a cycle top at 1.0027 level on daily chart. Key support is at 0.9750, a break below this level will confirm the cycle top, then another fall to test 0.9537 support could be seen. Resistance is at 1.0027, only break above this level could bring upside further to 1.0100 area.
For long term analysis, AUDUSD may be forming a cycle bottom at 0.9537 level on weekly chart. Sideways movement in a range between 0.9537 and 1.0182 is expected in a couple of weeks.
