AUDUSD Daily Analysis – May 12, 2014

AUDUSD remains in uptrend from 0.9202, the fall from 0.9394 is likely consolidation of the uptrend. Near term support is at 0.9315, as long as this level holds, the uptrend could be expected to resume, and next target would be at 0.9500 area. Key support is at 0.9250, only break below this level could trigger another fall towards 0.9000.

audusd chart