AUDUSD Daily Analysis – August 20, 2014

AUDUSD failed to break above 0.9373 resistance, and pulled back from 0.9343, indicating that the uptrend from 0.9238 had completed. Further decline would likely be seen, and next target would be at 0.9250 area. Resistance is at 0.9343, only break above this level could trigger another rise to test 0.9373 key resistance.

audusd chart