AUDUSD Daily Analysis – September 19, 2016

AUDUSD remains in downtrend from 0.7731, the rise from 0.7441 is likely consolidation of the downtrend. Key resistance is 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