AUDUSD Weekly Analysis – March 20, 2016

AUDUSD’s upward movement from 0.6826 extended to as high as 0.7680. Support is now at 0.7400, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.8000 area. Only break below 0.7400 support will indicate that consolidation of the uptrend is underway, then the pair will find support around 0.7300.

audusd chart