AUDUSD is testing the support of the price channel on 4-hour chart. A clear break below the channel support will indicate that the rise from 0.9927 has completed at 1.0764 already, then deeper decline could be seen to 1.0250 zone. On the upside, a break above 1.0625 key resistance will suggest that a cycle bottom has been formed, and the fall from 1.0764 has completed, then another rise towards 1.0900 could be expected to follow.

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