AUDUSD Daily Analysis – February 27, 2014

AUDUSD is facing 0.8906 support, a breakdown this level will signal completion of the uptrend from 0.8660, then next target would be at 0.8780 area. On the upside, as long as 0.8906 support holds, the price action in the trading range between 0.8906 and 0.9080 would possibly be consolidation of the uptrend from 0.8660, one more rise to 0.9400 area to complete the upward movement is still possible.

audusd chart