AUDUSD Daily Analysis – December 15, 2014

AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.8795. Further decline could be expected over the next several days, and next target would be at 0.8000 area. Near term resistance is at the trend line, and the key resistance is at 0.8374, only break above this level could signal completion of the downtrend.

audusd chart