AUDUSD Daily Analysis – March 15, 2017

AUDUSD remains in downtrend from 0.7740, the price action from 0.7542 is likely consolidation of the downtrend. Key resistance is at 0.7632, as long as the pair is below this level, the downtrend could be expected to resume, and further decline to 0.7400 area is still possible. Only break above 0.7632 resistance could signal completion of the downtrend.

AUDUSD chart