AUD/USD Daily Analysis – Wednesday, Feb. 13

AUD/USD broke above 0.7120 resistance, suggesting that the downside movement from 0.7295 had completed at 0.7054 already. Further rally could be expected in the coming days and next target would be at 0.7180 area. Support is at 0.7054, below this level could trigger another fall towards 0.7000.

AUDUSD 4-hour chart

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