AUDUSD Daily Analysis – July 18, 2014

AUDUSD is testing 0.9328 support, a breakdown below this level will signal resumption of the downtrend from 0.9504, then next target would be at 0.9250 area. Resistance levels are at 0.9400 and 0.9455, only break above these levels will indicate that the uptrend from 0.9208 has resumed, then the following upward movement could bring price to 0.9600 area.

audusd chart