AUDUSD Daily Analysis – April 14, 2014

AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 0.9600 is still possible. Only a clear break below the channel support could signal completion of the uptrend.

audusd chart