AUDUSD Daily Analysis – March 6, 2014

AUDUSD broke above the upper line of the price channel on 4-hour chart, suggesting that the downtrend from 0.9080 had completed at 0.8890 already. Further rise could be expected, and next target would be at 0.9150 area. Support levels are at 0.8960 and 0.8890, only break below these levels could trigger another fall towards 0.8500.

audusd chart