AUDUSD Daily Analysis – February 3, 2017

AUDUSD’s upward movement from 1.7159 (Dec 26, 2016 low) extended to as high as 0.7695. Key support is now at 0.7511, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.7800 area. Only break below 0.7511 support could signal completion of the uptrend.

audusd chart