AUDUSD traded in a range between 1.0596 and 1.0855 for several days. As long as 1.0596 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861, and one more rise towards 1.1080 previous high is still possible. One the downside, a breakdown below 1.0596 will indicate that the rise from 0.9861 has completed at 1.0855 already, then the following downward movement could bring price to 0.9500 area.

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