AUDUSD Daily Analysis – April 1, 2014

AUDUSD remains in uptrend from 0.8995, the fall from 0.9294 could be treated as consolidation of the uptrend. Support is at 0.9200, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9400 area. On the downside, a breakdown below 0.9200 support will indicate that lengthier consolidation of the longer term uptrend from 0.8890 (Mar 3 low) is underway, then the pair will find support around 0.9160.

audusd chart