AUDUSD Daily Analysis – February 18, 2015

AUDUSD is facing 0.7875 resistance, a break of this level will indicate that lengthier consolidation of the downtrend from 0.8294 (Jan 15 high) is underway, then further rise to 0.8000 area could be seen. However, as long as 0.7875 resistance holds, another fall to test 0.7625 support could be expected.

audusd chart