AUDUSD Daily Analysis – September 24, 2014

AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8831. Near term resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8700 area. Key resistance is now at 0.8950, only break above this level could signal completion of the downtrend.

audusd chart