AUDUSD is in downtrend from 1.0378, the rise from 0.9861 would possibly be correction of downtrend. Another fall towards 0.9390 previous low would likely be seen after correction, and a breakdown below 0.9861 could signal resumption of downtrend.
For long term analysis, AUDUSD had formed a cycle bottom at 0.9390 on weekly chart. Range trading between 0.9390 and 1.1080 is expected over the next several weeks.
