AUDUSD Daily Analysis – December 22, 2016

AUDUSD’s downward movement from 0.7524 extended to as low as 0.7219. Near term resistance is at 0.7280, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7000 area. Key support is at 0.7330, only break above this level could signal completion of the downtrend.

audusd chart