AUDUSD Daily Analysis – March 30, 2015

After touching 0.7912 resistance, AUDUSD pulled back into the trading range between 0.7560 and 0.7912, indicating that sideways movement in the trading range is underway. Deeper decline to test 0.7560 support would likely be seen, a breakdown below this level could signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high).

audusd chart