AUDUSD Daily Analysis – May 13, 2014

AUDUSD stays in a trading range between 0.9318 and 0.9394. As long as 0.9318 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.9202, another rise to 0.9500 area could be expected after consolidation. Key support is at 0.9250, only break below this level could trigger another fall towards 0.9000.

audusd chart