AUDUSD Daily Analysis – August 19, 2014

AUDUSD continued its upward movement from 0.9238, and the rise extended to as high as 0.9340. Further rise to test 0.9373 resistance is still possible, as long as this level holds, the rise could be treated as consolidation of the downtrend from 0.9470, another fall towards 0.9000 could be expected after consolidation.

audusd chart