AUDUSD Daily Analysis – December 21, 2016

AUDUSD continued its downward movement from 0.7524 and the fall extended to as low as 0.7222. Resistance levels are at 0.7280 and 0.7360, as long as these levels hold, the downtrend could be expected to continue, and next target would be at 0.7000 area.

audusd chart