AUDUSD Daily Analysis – March 3, 2017

AUDUSD broke below 0.7605 key support, indicating that the uptrend from 0.7159 (Dec 26, 2016 low) had completed at 0.7740 already. Further decline could be expected after a minor consolidation and next target would be at 0.7400 area. Resistance is at 0.7600, as long as the pair is below this level, the downtrend will continue.

audusd chart