AUDUSD is facing 1.0255 resistance, a break above this level will indicate that the uptrend from 0.8066 has resumed, then further rise could be seen to 1.0400 area. Support is at 1.0050, below this level will suggest that a cycle top is being formed on daily chart, then another fall towards 0.9600 could be seen.
For long term analysis, AUDUSD had formed a cycle bottom at 0.9537 level on weekly chart. Further rise to 1.1000 area is expected in next several weeks.
