AUDUSD is facing the support of the lower border of the price channel on 4-hour chart. As long as the channel support holds, the price action from 1.0223 is treated as consolidation of the uptrend from 0.9581 (Jun 1 low), and another rise towards 1.0500 could be expected after consolidation. On the downside, a clear break below the channel support will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to 1.0000 could be seen.