AUDUSD Daily Analysis – August 15, 2014

AUDUSD remains in downtrend from 0.9470, the price action from 0.9275 could be treated as consolidation of the downtrend. Key resistance is at 0.9373, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.9000 is still possible.

audusd chart