AUDUSD moved sideways in a narrow range between 0.9943 and 1.0199 for several days. Resistance is at 1.0199, a break above this level will indicate that the uptrend from 0.8066 has resumed, then next target would be at 1.0500 area. Support is at 0.9943, only break below this level could trigger another fall towards 0.9537 support.
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.
