AUDUSD Daily Analysis – May 26, 2014

AUDUSD is facing 0.9202 support, a breakdown below this level will signal resumption of the downtrend from 0.9461 (Apr 10 high), then the following downward movement could bring price to 0.8900 area. Resistance is at 0.9273, only break above this level will indicate that the downtrend from 0.9408 had completed at 0.9208 already, then further rise to 0.9360 area could be seen.

audusd chart