AUDUSD’s upward movement extends to as high as 1.0328. Support is now at 1.0240, a breakdown below this level will indicate that a cycle top has been formed on 4-hour chart, then consolidation of the uptrend could be seen to follow, and the trading range would be between 1.0180 and 1.0328. On the upside, as long as 1.0240 support holds, the uptrend from 0.9968 could be expected to continue, and another rise towards 1.0400 is still possible.
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