AUDUSD moved sideways in a trading range between 0.6372 and 0.6569. The price action in the range is likely consolidation for the uptrend from 0.5507 (Mar 19 low). As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to resume, and further rise to 0.6700 area is possible. Key support is at 0.6372, only break below this level could signal completion of the uptrend.
