AUDUSD moved sideways in a range between 0.9803 and 1.0255 for several weeks. Further rise to test 1.0255 key resistance would likely be seen next week, a break above this level will indicate that the uptrend from 0.8066 has resumed, then next target would be at 1.0500 area.
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.
