AUDUSD Weekly Analysis - October 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 04 October 2014 12:18 UTC
AUDUSD broke below 0.8660 (Jan 24 low) support. Further decline would likely be seen, and next target would be at 0.8200 area. Resistance is at 0.8830, only break above this level will indicate that consolidation of the downtrend from 0.9504 is underway, then the pair will find resistance around 0.8950.

audusd chart

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