AUDUSD Daily Analysis – March 11, 2015

AUDUSD remains in downtrend from 0.7912, and the fall extended to as low as 0.7592. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Resistance is now at 0.7700, only break above this level could signal completion of the downtrend.

audusd chart