AUDUSD Weekly Analysis - November 23, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 November 2014 04:29 UTC
AUDUSD stays in a trading range between 0.8540 and 0.8910. As long as 0.8910 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504, further decline to 0.8000 area would likely be seen after consolidation. Only break above 0.8910 resistance could signal completion of the downtrend.

audusd chart

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