AUDUSD Daily Analysis – July 14, 2014

AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend. Another fall could be expected after correction, and next target would be at 0.9250 area. Support is at 0.9328, a breakdown below this level could signal resumption of the downtrend. Resistance is at 0.9455, only break above this level could trigger another rise towards 0.9600.

audusd chart