AUDUSD Daily Analysis – February 22, 2017

AUDUSD stays in a upward price channel on 4-hours chart. Near term support is located at the bottom of the channel. As long as the channel support holds, the uptrend from 0.7159 (Dec 26, 2016 low) could be expected to continue, and next target would be at 0.7800 area. Key support is at 0.7605, only break below this level could signal completion of the uptrend.

audusd chart