AUDUSD Daily Analysis – August 28, 2014

AUDUSD broke above 0.9343 resistance, indicating that the downtrend from 0.9504 (Jul 1 high) had completed at 0.9237 already. Further rise could be expected, and the target would be at 0.9450 area. Support is at 0.9300, only break below this level could bring price back to test 0.9237 support.

audusd chart