AUDUSD Daily Analysis – March 21, 2014

AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8660, the fall from 0.9137 could be treated as consolidation of the uptrend. Key support is located at that lower line of the channel, as long as the channel support holds, the uptrend could be expected to resume, and next target would be at 0.9350 area. Only a clear break below the channel support could signal completion of the uptrend.

audusd chart