AUDUSD Daily Analysis – July 3, 2014

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.9208 had completed at 0.9504 already. Further decline could be expected, and next target would be at 0.9250 area. Resistance levels are at 0.9445 and 0.9504, only break above these levels could trigger another rise towards 0.9750.

audusd chart