AUDUSD continued its upward movement from 0.8995, and the rise extended to as high as 0.9294.

Support is at 0.9200, as long as this level holds, the fall from 0.9294 could be treated as consolidation of the uptrend, another rise towards 0.9400 is still possible.

Only break below 0.9200 support could signal completion of the uptrend.

Editor’s Note: Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the euro, minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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