AUDUSD’s upwards movement extended to as high as 0.9504. Support is now located at the rising trend line on 4-hour chart. As long as the trend line support holds, the uptrend could expected to continue, and next target would be at 0.9550 area. On the downside, a clear break below the trend line support will signal completion of the uptrend, then deeper decline to 0.9250 area could be seen.
