AUDUSD Daily Analysis – March 23, 2017

AUDUSD broke below 0.7663 support, indicating that the uptrend from 0.7490 had completed at 0.7749 already. The pair is now in downtrend, further decline could be expected in a couple of days, and next target would be at 0.7550 area. Resistance is at 0.7700, only break above this level could trigger another rise towards 0.7800.

AUDUSD chart