AUDUSD extended its upside movement from 0.7501 to as high as 0.7844. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 0.7900 area. On the downside, a breakdown below the bottom of the channel will suggest that the uptrend had completed at 0.7844 already, then the following downside movement could bring price back to 0.7600 area.
