AUDUSD Daily Analysis – February 14, 2017

AUDUSD moved sideways in a narrow range between 0.7605 and 0.7695. The sideways movement is likely consolidation of the uptrend from 0.7159 (Dec 26, 2016 low). Further rise could be expected as long as the pair stays above 0.7605 support, 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