AUDUSD Daily Analysis – July 25, 2014

AUDUSD remains in uptrend from 0.9328, the fall from 0.9470 would possibly be consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and one more rise to test 0.9504 resistance is still possible. Only a clear break below the trend line support could signal completion of the uptrend.

audusd chart