AUDUSD Weekly Analysis - November 1, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 November 2015 07:51 UTC
AUDUSD continued its sideways movement in a range between 0.6907 and 0.7439. As long as 0.7439 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.6500 could be expected after consolidation. Key resistance is at 0.7650, only break above this level could signal completion of the downtrend.

audusd chart

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