AUDUSD Daily Analysis – July 16, 2014

AUDUSD is facing 0.9328 support, a breakdown below this level will indicate that the downtrend from 0.9504 has resumed, then next target would be at 0.9250 area. Resistance is at 0.9455, only break above this level will indicate that the uptrend from 0.9208 has resumed, then the following upward movement could bring price to 0.9600 area.

audusd chart