AUDUSD Daily Analysis – February 12, 2018

AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 0.8135 had completed at 0.7759 already. Further rise would likely be seen and next target would be at 0.7910. Support is at 0.7759, only a breakdown below this level could trigger another fall towards 0.7650.

AUDUSD 4-hour chart