AUDUSD Daily Analysis – April 30, 2014

AUDUSD remains in downtrend from 0.9461. As long as 0.9316 resistance holds, the downtrend could be expected to continue, and next target would be at 0.9180 area. On the upside, a break above 0.9316 will indicate that the downtrend from 0.9461 had completed, then the following upward movement could bring price to 0.9550 zone.

audusd chart