AUDUSD remains in uptrend from 1.0149. Another rise could be expected after consolidation, and next target would be at 1.0700 area. Support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.
For long term analysis, AUDUSD is forming a sideways consolidation in a range between 0.9390 (Oct 4, 2011 low) and 1.1080 (July 27, 2011 high). Further rise towards 1.1080 previous high would likely be seen over the next several months.
