AUDUSD traded in a range between 0.9820 and 1.0007 for several days. As long as 0.9820 support holds, the price action in the range is treated as consolidation of the uptrend from 0.9581, and further rise to 1.0100 could be expected after consolidation. On the other side, a breakdown below 0.9820 will suggest that lengthier consolidation of the uptrend is underway, then deeper decline to 0.9700 area could be seen.
