AUDUSD Daily Analysis – March 3, 2015

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the downtrend from 0.8294 (Jan 15 high) has resumed. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at 0.7912, only break above this level could trigger another rise to 0.8000 zone.

audusd chart