AUDUSD Daily Analysis – February 8, 2017

AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7695 is likely consolidation of the uptrend. Range trading between 0.7570 and 0.7695 would likely be seen in a couple of days and further rise to 0.7800 is possible after consolidation. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

audusd chart