AUDUSD’s rise extended to as high as 1.0731. Further rise is still possible after a minor consolidation, and next target would be at 1.0900-1.1000 area. Support is now at 1.0300, only break below this level could indicate that the rise from 0.9390 is complete.
For long term analysis, AUDUSD had formed a cycle bottom at 0.9390 on weekly chart. Further rise towards 1.1000 could be seen over the next several weeks.
