AUDUSD Weekly Analysis – March 9, 2014

AUDUSD broke above 0.9085 resistance, indicating that the downtrend from 0.9756 had completed at 0.8660 already. Further rise could be expected over the next several weeks, and the target would be at 0.9600 area. Support is now at the upward trend line of daily chart, as long as the trend line support holds, the uptrend from 0.8660 will continue.

audusd chart