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AUDUSD Weekly Analysis - October 18, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 18 October 2014 09:58 UTC
AUDUSD moved sideways in a range between 0.8642 and 0.8898. The price action in the range is likely consolidation of the downtrend from 0.9504. Resistance is at 0.8898, as long as this level holds, the downtrend could be expected to resume, and next target would be at 0.8200 area. Key resistance is at 0.9000, only break above this level could signal completion of the downtrend.

audusd chart

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