AUDUSD Weekly Analysis – February 19, 2017

AUDUSD’s upward movement from 0.7158 extended to as high as 0.7731. Key support is at 0.7511 level. 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 0.7511 support could signal completion of the uptrend.

audusd chart