AUDUSD continues its sideways movement between 1.0628 and 1.0844. As long as 1.0628 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861 (Dec 15, 2011 low), and one more rise to 1.0900 is still possible after consolidation. On the downside, a breakdown below 1.0628 will indicate that the uptrend from 0.9861 has completed at 1.0844 already, then the following downward movement could bring price back to 1.0400 zone.

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