AUDUSD Daily Analysis – March 17, 2017

Under pressure by 0.7740 resistance, AUDUSD pulled back from 0.7719. However, the pullback is likely consolidation of the uptrend from 0.7490. Support is at 0.7640, as long as the pair is above this level, the uptrend could be expected to resume, and another rise to test 0.7740 resistance could be seen. Only break below 0.7640 support could signal completion of the uptrend.

AUDUSD chart