AUDUSD Daily Analysis – March 14, 2017

AUDUSD stays in the descending price channel on 4-hour chart, and remains in downtrend from 0.7740. As long as the pair is in the channel, the downtrend could be expected to continue and further decline to 0.7400 area is still possible. Key resistance is at 0.7632, only break above this level could signal completion of the downtrend.

AUDUSD chart