AUDUSD continued its upward movement from 1.0315 and the rise extended to as high as 1.0764. Initial support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.0800-1.0850 area. On the downside, a clear break below the trend line will indicate that a cycle top is being formed, and the rise from 1.0315 is complete, then pullback to 1.0500-1.0600 area could be seen.


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