AUDUSD Daily Analysis – December 9, 2014

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.8000 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart