AUDUSD Daily Analysis – February 27, 2015

AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will signal resumption of the downtrend from 0.8294 (Jan 15 high), then the following downward movement could bring price to 0.7000 area. However, as long as the trend line support holds, one more rise to 0.8000 area is still possible.

audusd chart