AUDUSD Weekly Analysis - January 18, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 18 January 2014 06:14 UTC
After consolidation, AUDUSD broke below 0.8820 support, and continued its downward movement from 0.9756. Further decline could be expected, and next target would be at 0.8500 area. Key resistance is now at 0.9085, only break above this level could signal completion of the downtrend.

audusd chart

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