AUDUSD Weekly Analysis – February 5, 2017

AUDUSD’s upward movement from 0.7158 extended to as high as 0.7695. Further rise is still possible over the next several weeks, and next target would be at 0.8000 area. Support is now at 0.7500, only break below this level could bring price back to 0.7300 zone.

audusd chart