AUDUSD Daily Analysis – February 14, 2018

AUDUSD’s bounce from 0.7759 extended to as high as 0.7876. Further rise to test 0.7910 resistance is still possible. A breakout of this level could trigger further upside movement towards 0.7970. Near term support is at 0.7825. A breakdown below this level could bring price back towards 0.7759 support.

AUDUSD 4-hour chart