AUDUSD Daily Analysis – February 20, 2017

AUDUSD remains in uptrend from 0.7159 (Dec 26, 2016 low), the fall from 0.7731 is likely consolidation of the uptrend. Key support is at 0.7605, 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 0.7605 support could signal completion of the uptrend.

audusd chart