AUDUSD Facing 0.8906 Support
Franco Shao | Feb 26, 2014 11:02PM ET
The AUD/USD is facing the 0.8906 support, a breakdown of this level will signal a completion of the uptrend from 0.8660, then the next target would be at the 0.8780 area. On the upside, as long as the 0.8906 support holds, the price action in the trading range between 0.8906 and 0.9080 would possibly be consolidation of the uptrend from 0.8660, one more rise to the 0.9400 area to complete the upward movement is still possible.
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