AUDUSD Daily Analysis – March 19, 2014

AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed. Further rise could be expected, and next target would be at 0.9250 area. Support is at 0.9060, only break below this level will indicate that lengthier consolidation of the uptrend is underway, then pullback to the bottom of the price channel on 4-hour chart could be seen.

audusd chart