AUDUSD Weekly Analysis – April 12, 2014

AUDUSD’s upward movement from 0.8660 extended to as high as 0.9461. Further rise would likely be seen after a minor consolidation, and the target would be at 0.9600 area. Key support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

audusd chart