AUDUSD Daily Analysis – September 25, 2014

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend. 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 at 0.8930, only break above this level could signal completion of the downtrend.

audusd chart