AUDUSD Daily Analysis – March 6, 2015

No changed in our view, AUDUSD remains in downtrend from 0.7912. Further decline to test 0.7625 support could be expected, a breakdown below this level will confirm that the downtrend from 0.8294 (Jan 15 high) has resumed, then the following downward movement could bring price to 0.7000 area. Resistance is at 0.7860, only break above this level could trigger another rise to 0.8000 area.

audusd chart