AUDUSD Daily Analysis – March 17, 2014

AUDUSD remains in uptrend from 0.8660 (Jan 24 low), the price action from 0.9080 could be treated as consolidation of the uptrend. Another rise towards 0.9350 could be expected after consolidation, and a break above 0.9133 could signal resumption of the uptrend. Key support is at 0.8890, only break below this level could signal completion of the uptrend.

audusd chart