AUDUSD stays in a upward price channel on 4-hour chart and remains in uptrend from 0.8660, the price action in the range between 0.8906 and 0.9080 could be treated as consolidation of the uptrend. Key support is at 0.8906, as long as this level holds, the uptrend could be expected to resume, and further rise towards 0.9400 is still possible. On the downside, a breakdown below 0.8906 support will indicate that the uptrend 0.8660 is complete, then the following downward movement coud bring price to 0.8500 zone.
