AUDUSD Weekly Analysis – May 10, 2015

AUDUSD is now in uptrend from 0.7532, and the rise extended to as high as 0.8075. Further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at 0.7532, only break below this level could trigger another fall towards 0.7000.

audusd chart