AUDUSD Weekly Analysis – April 24, 2016

AUDUSD continued its upward movement from 0.6826, and the rise extended to as high as 0.7834. Further rise is still possible in a couple of weeks, and next target would be at 0.8000 area. Near term support is at the bottom of the price channel on daily chart, and the key support is at 0.7450, only break below this level could signal completion of the uptrend.

audusd chart