AUDUSD Weekly Analysis - November 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 November 2014 04:29 UTC
AUDUSD moved sideways in a trading range between 0.8540 and 0.8910. The price action in the range is likely consolidation of the downtrend from 0.9504, as long as 0.8910 resistance holds, the downtrend could be expected to resume, and deeper decline to 0.8000 area is still possible. Only break above 0.8910 resistance could signal completion of the downtrend.

audusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.