AUDUSD in moving to next short term cycle top on 4-hour chart. As long as 0.7960 support holds, we€™d expect uptrend from 0.7703 to continue and target is to test 0.8155 previous high resistance, above this level will indicate that the medium term uptrend from 0.6248 has resumed. However, a break below 0.7960 level will suggests that a cycle top has been formed and the short term uptrend from 0.7703 has completed, then deeper decline could be seen to 0.7800-0.7850 area.