AUDUSD Analysis – September 21, 2013

AUDUSD broke above 0.9344 key resistance, suggesting that the downtrend from 1.0582 had completed at 0.8847 already. Further rally would be expected next week, and next target would be at 0.9800 area. Support is at 0.9100, only break below this level could trigger another fall towards 0.8500.

audusd daily chart