AUDUSD Weekly Analysis – November 22, 2015

AUDUSD stays in the trading range between 0.6907 and 0.7439. Resistance is at 0.7439, as long as this level holds, the price action in the range 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.

audusd chart