AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the upside movement could be expected to continue and further rise towards 0.7986 is still possible after the consolidation. Near term resistance is at 0.7897, a breakout of this level could signal resumption of the uptrend. Key support is at 0.7818, only a breakdown below this level could trigger another fall towards the resistance-turned-support trend line on the weekly chart.
