AUDUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 0.9401 had completed at 0.8983 already. Range trading between 0.8983 and 0.9150 would likely be seen in a couple of days. Resistance is at 1.9150, as long as this level holds, the downtrend could be expected resume, and another fall towards 0.8500 is still possible.
