AUDUSD’s upward movement from 1.0149 extends to as high as 1.0480. Further rise is still possible next week, and next target would be at 1.0550 area. Support is at 1.0330, only break below this level will indicate that the rise from 1.0149 has completed at 1.0480 already, then further decline to 1.0000 area could be seen.
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.
