AUDUSD breaks above 0.8262 resistance and formed a cycle bottom at 0.7802 on daily chart. Further rise to test 0.8405 key resistance could be seen next week, a break of this level will indicate that the down trend from 0.9849 has completed, and further rebound could be seen to 0.9050 zone.
For long term analysis, AUDUSD might be forming a cycle bottom at 0.7802 on weekly chart. Key resistance is at 0.8405, a break of this level will confirm the cycle bottom.
