AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward trend line on 4-hour chart, only a clear break below the trend line will suggest that lengthier consolidation of the uptrend is underway, then sideways movement in a rang between 1.0287 and 1.0480 could be seen.
