AUDUSD Daily Analysis – March 7, 2014

AUDUSD broke above 0.9080 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed. Further rise could be expected, and next target would be at 0.9200 area. Support is at 0.9030, as long as this level holds, the uptrend will continue.

audusd chart