AUDUSD Daily Analysis – October 26, 2016

AUDUSD broke above 0.7650 resistance, indicating that the downward movement from 0.7734 had completed at 0.7587 already. Further rise could be expected over the next several days, and next target would be at 0.7800 area. Support is now at 0.7650, only break below this level could trigger another fall to 0.7500 zone.

audusd chart