AUDUSD Weekly Analysis - January 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 January 2015 14:13 UTC
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), and the fall extended to as low as 0.8032. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.7500 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart

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