AUDUSD Analysis – October 20, 2013

AUDUSD’s upward movement from 0.8847 extends to as high as 0.9677. Further rise could be expected, and next target would be at 1.0000 area. Initial support is at 0.9550, and the key support is at 0.9400, only break below these levels could signal completion of the uptrend.

audusd daily chart