AUDUSD traded in a narrow range below 0.8365. Another rise towards 0.8450 to reach next cycle top on 4-hour chart is still possible later today. As long as 1.8450 resistance holds, the bounce from 0.8071 is treated as consolidation of downtrend from 0.9077, and another fall to 0.7800 is still possible after consolidation. 20100525_audusd_1.gif