AUDUSD Daily Analysis – September 10, 2014

AUDUSD broke below 0.9237 support, indicating that the downtrend from 0.9470 (Jul 24 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9000 area. Resistance is at 0.9250, as long as this level holds, the downtrend from 0.9401 will continue.

audusd chart