AUDUSD Weekly Analysis – January 25, 2015

AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504 (Jul 1, 2014 high), and the downward movement extended to as low as 0.7880. As long as the trend line resistance holds, further decline could be expected, and next target would be at 0.7500 area. Key resistance is at 0.8294, only break above this level could signal completion of the downtrend.

audusd chart