AUDUSD Daily Analysis – September 30, 2014

AUDUSD remains in downtrend from 0.9401. Further decline could be expected, and next target would be at 0.8600 area. Key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance will indicate that the downtrend had completed at 0.8683 already, then the pair will find resistance around 0.8850.

audusd chart