AUDUSD Daily Analysis – March 13, 2015

AUDUSD broke above 0.7700 resistance, indicating that the downward movement from 0.7912 had completed at 0.7560 already. Further rise could be expected, and the target would be at 0.7850 area. Support is at 0.7560, only break below this level could trigger another fall towards 0.7000.

audusd chart