AUD USD returns to decline – Analysis - 27/03/2015

The AUDUSD pair ended yesterday’s trading negatively to move below 0.7840 level, which makes us return to neutrality and monitor the price behavior according to the next intraday trend keys represented by 0.7910 resistance and 0.7780 support, as the price needs to breach one of these levels to detect the next track clearly.

Note that breaking the above mentioned support will push the price to retest the previously breached resistance of the bearish channel that turns into support now at 0.7660 initially, while breaching the resistance will offer positive motive to regain the bullish track that its main targets reach to 0.8000 then 0.8125.

Expected trading range for today is between: 0.7700 support and 0.7910

Expected trend for today: Depends on the above mentioned levels