AUDUSD Daily Analysis – September 20, 2016

AUDUSD broke above 0.7567 resistance, indicating that the downward movement from 0.7731 had completed at 0.7441 already. Further rally would likely be seen over the next several days, and the target would be at 0.7650 area. Support level is at 0.7490, only break below this level could trigger another fall towards 0.7200.

audusd chart