AUDUSD Daily Analysis – February 27, 2018

AUDUSD broke above 0.7880 resistance, indicating that the downside movement from 0.7988 had completed at 0.7790 already. Further rally would likely be seen and next target would be at 0.7950 area. Support is at 0.7790, only a breakdown below this level could trigger another fall towards 0.7700.

AUDUSD 4-hour chart