AUDUSD Daily Analysis – March 5, 2015

AUDUSD remains in downtrend from 0.7912, the rise from 0.7750 is likely correction of the downtrend. 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 area.

audusd chart