AUDUSD Daily Analysis – March 12, 2018

AUDUSD broke above 0.7842 resistance, suggesting that the uptrend from 0.7712 has resumed. Further rally could be expected in a couple of days and next target would be at 0.7930 area. Support level is now at 0.7772, only a breakdown below this level could trigger another fall towards 0.7600.

AUDUSD 4-hour chart