AUD/USD Daily Analysis – Thursday, Feb. 21

AUD/USD’s upside movement from 0.7054 extended to as high as 0.7206. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7250 area. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 0.7206 already, then another fall to 0.7000 area could be seen.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.