AUDUSD Weekly Analysis – June 22, 2014

AUDUSD stays in a trading range between 0.9202 and 0.9461. As long as 0.9202 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, and further rise to 0.9550 – 0.9600 area is possible after consolidation. Only break below 0.9202 support could signal completion of the uptrend.

audusd chart