AUDUSD Daily Analysis – February 13, 2017

AUDUSD is facing 0.7695 resistance, a break of this level will indicate that the uptrend from 0.7159 (Dec 26, 2016 low) has resumed, then next target would be at 0.7800 area. On the downside, as long as 0.7695 resistance holds, range trading between 0.7570 and 0.7695 could be expected to continue. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

audusd chart