AUDUSD Daily Analysis – July 23, 2014

AUDUSD is facing 0.9455 resistance, a break above this level will signal resumption of the uptrend from 0.9208, then next target would be at 0.9600 area. However, as long as 0.9455 resistance holds, the bounces from 0.9328 could be treated as consolidation of the downtrend from 0.9504, another fall to 0.9250 area is still possible.

audusd chart