AUDUSD Daily Analysis - September 23, 2016

Short Term Forex Analysis | by ForexCycle.com | Friday, 23 September 2016 03:44 UTC
AUDUSD continued its upward movement from 0.7441, and the rise extended to as high as 0.7674. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and further rise to test 0.7731 resistance is possible. Only a clear break below the channel support could signal completion of the uptrend.

audusd chart

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