AUDUSD Daily Analysis – September 7, 2016

AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.7755 had completed at 0.7489 already. Further rise to test 0.7755 resistance could be seen over the next several days. Support level is at 0.7600, only break below this level could bring price back towards 0.7250.

audusd chart