AUDUSD Daily Analysis – February 13, 2014

AUDUSD failed to break above 0.9085 resistance and pulled back from 0.9067. However, the fall would possibly be consolidation of the uptrend from 0.8660, one more rise to test 0.9085 resistance is still possible after consolidation. Support is at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

audusd chart