AUDUSD Daily Analysis – December 2, 2014

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795, the rise from 0.8416 could be treated as 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 0.8300 area.

audusd chart