AUDUSD Daily Analysis – December 15, 2016

AUDUSD’s upward movement from 0.7310 had completed at 0.7524 already. The pair is now in downtrend, further decline to test 0.7310 support could be seen in a couple of days, a break below this level will signal resumption of the longer term downtrend from 0.7778, then next target would be at 0.7200 area. Resistance is at 0.7475, only break above this level could trigger another rise to 0.7600 zone.

audusd chart