AUDUSD Daily Analysis – September 15, 2016

AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7200 area. Resistance is at 0.7530, only break above this level could signal completion of the downtrend.

audusd chart