AUDUSD has reached the upper border of the rising price channel on daily chart. A minor consolidation is expected in next several days and pullback towards the lower border of the price channel would more likely be seen, however, a break below 0.9000 level is needed to confirm such case. Key support level remains at the bottom of the price channel, as long as the channel support holds, another rise towards 0.9500 zone is still possible after consolidation.
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.
