AUDUSD Daily Analysis – September 23, 2016

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