AUDUSD broke above 0.9984 resistance, suggesting that a cycle bottom had been formed on daily chart, and the fall from 1.0764 had completed. Further rise could be seen after consolidation, and next target would be at 1.0700 zone.
For long term analysis, AUDUSD is forming a cycle bottom at 0.9390 on weekly chart. Further rise towards 1.1000 could be seen in next several weeks.
