AUDUSD Daily Analysis – March 24, 2014

AUDUSD is facing 0.9137 resistance, a break above this level will signal resumption of the uptrend from 0.8660 (Jan 24 low), then next target would be at 0.9300 area. Key support is at the lower line of the channel, only a clear break below the channel support could signal completion of the uptrend.

audusd chart