AUDUSD Daily Analysis – March 22, 2017

AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490. As long as 0.7663 support holds, the fall from 0.7749 could be treated as consolidation of the uptrend, and further rise to 0.7800 area is still possible. On the downside, a breakdown below 0.7663 support will indicate that the uptrend had completed at 0.7749 already, then the following downward movement could bring price to 0.7600 area.

AUDUSD chart