AUDUSD Daily Analysis – March 20, 2014

AUDUSD failed to break above the upper line of the price channel on 4-hour chart, and pulled back to 0.9001. Deeper decline would likely be seen, and the target would be at the lower line of the channel. Resistance is at 0.9137, only break above this level could trigger another rise towards 1.9350.

audusd chart