AUDUSD’s uptrend extends further to as high as 0.9089 level. Move to the upper border of the rising price channel on daily chart is expected next week and consolidation could be seen after touching the channel resistance. Support level is now at 0.8850 followed by the lower border of the price channel, as long as the channel support holds, uptrend will continue.
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.
