Being supported by the rising trend line on 4-hour chart, AUDUSD rebounds from 0.8651 level, suggesting that the pair remains in uptrend from 0.8155. Further rise is still possible to 0.8800 zone in a couple of days. However, a clear break below this trend line support will indicate that a short term cycle top is being formed, then consolidation in a range between 0.8543 and 0.8788 could be seen to follow.

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