AUDUSD Daily Analysis – July 21, 2014

AUDUSD failed to break below 0.9328 support, indicating that lengthier sideways movement in a range between 1.9328 and 1.9455 is underway. Resistance is at 0.9455, as long as this level holds, another fall to test 0.9328 support is still possible, below this level will target 0.9250 area. Only break above 0.9455 resistance will signal resumption of the uptrend from 0.9208, then next target would be at 0.9600 area.

audusd chart