AUDUSD may be forming a cycle top at 1.0418 on daily chart. Pullback to 1.0200 area would likely be seen next week. Resistance is at 1.0418, only break above this level could trigger another rise to test 1.0624 resistance.
For long term analysis, AUDUSD has formed a cycle top at 1.0624 on weekly chart. Further decline to 0.9800 area could be expected over the next several weeks.
