AUDUSD remains in uptrend from 0.9927, the fall from 1.0601 is treated as consolidation of uptrend. Another rise towards 1.1080 previous high could be expected next week, and a break above 1.0601 could signal resumption of uptrend.
For long term analysis, AUDUSD is forming a cycle bottom at 0.9927 on weekly chart. Range trading between 0.9927 and 1.1080 would likely be seen in next several weeks.
