AUDUSD formed a short term cycle bottom at 0.9147 level on 4-hour chart. Further rise to test the previous high resistance at 0.9496 is still possible later today, a break above this resistance indicates that the long term up trend is resumed, and then, further rise to 0.9600 is expected to follow. Near term support is at 0.9329, a break of this level will pull price back to retest 0.9147 previous low.
http://blog.forexcycle.com/718/short...s-mar-14-2008/