AUDUSD Daily Analysis – May 20, 2014

AUDUSD broke below 0.9318 support, indicating that the uptrend from 0.9202 had completed at 0.9408 already. Deeper decline could be expected and next target would be at 0.9250 area. Resistance levels are at 0.9375 and 0.9408, only break above these levels could trigger another rise to 0.9600 zone.

audusd chart