AUDUSD Daily Analysis – February 17, 2014

AUDUSD breaks above 0.9067 resistance, suggesting that the uptrend from 0.8660 has resumed. Further rise could be expected and next target would be at 0.9200 area. Initial support is at the bottom of the price channel on 4-hour chart, and the key support is at 0.8906, only break below this level could signal completion of the uptrend.

audusd chart