AUDUSD Daily Analysis – April 10, 2014

AUDUSD remains in uptrend from 0.9205, and the rise extended to as high as 0.9439. Further rise could be expected and next target would be at 0.9500 area. Support is at 0.9370, only break below this level will indicate that consolidation of the uptrend is underway, then pullback to the lower line of the price channel on 4-hour chart could be seen.

audusd chart