AUDUSD Daily Analysis – September 16, 2016

AUDUSD is in consolidation of the downtrend from 0.7731. Range trading between 0.7441 and 0.7567 would likely be seen over the next several days. Resistance is now at 0.7567, as long as this level holds, the downtrend could be expected to resume after consolidation, and further decline to 0.7200 area is still possible.

audusd chart