AUDUSD Daily Analysis – May 30, 2014

AUDUSD broke above 0.9277 resistance, indicating that the downward movement from 0.9408 had completed at 0.9208 already. Further rise could be expected, and next target would be at 0.9360 area. Support is at 0.9245, only break below this level could trigger another fall towards 0.9000.

audusd chart