AUDUSD Daily Analysis – February 6, 2017

AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7695 is likely consolidation of the uptrend. Near term support is at 0.7610, as long as the pair stays above this level, the uptrend could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7511, only break below this level could signal completion of the uptrend.

audusd chart