AUDUSD broke above 0.8038 resistance and extended its upside movement from 0.7501 to as high as 0.8085. As long as the price is above the bullish trend line on the 4-hour chart, further rise is still possible after a minor consolidation and next target would be at 0.8200 area. The key support is at 0.7956, only a breakdown below this level could signal completion of the uptrend.
