AUDUSD Daily Analysis – February 16, 2017

AUDUSD broke above 0.7695 resistance and continued its upward movement from 0.7159 (Dec 26, 2016 low). Further rise could be expected in a couple of days, and next target would be at 0.7800 area. Key support is now at 0.7605, only break below this level could signal completion of the uptrend.

audusd chart