AUDUSD breaks below 1.0240 support, suggesting that a cycle top has been formed at 1.0328 on 4-hour chart. Further decline would likely be seen over the next several days, and the target would be at the lower line of the price channel. As long as the channel support holds, the price action from 1.0223 is treated as consolidation of the longer term uptrend from 0.9581, and one more rise towards 1.0600 is still possible.
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