AUDUSD Daily Analysis – June 26, 2014

AUDUSD stays in a trading range between 0.9321 and 0.9444. As long as 0.9321 support holds, the price action in the range could be treated as consolidation of the uptrend, another rise to test 0.9461 (Apr 10 high) resistance is still possible after consolidation. Only break below 0.9321 support could signal completion of the uptrend.

audusd chart