AUDUSD Daily Analysis – December 3, 2014

AUDUSD’s downward movement from 0.8795 extended to as low as 0.8391. Further decline would likely be seen, and next target would be at 0.8300 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart