AUDUSD Daily Analysis – October 25, 2017

AUDUSD broke below 0.7732 support, indicating that the downtrend from 0.8124 has resumed. Further decline could be expected in the coming days and next target would be at the resistance-turned-support trend line on the weekly chart now at around 0.7690. Near term resistance is at the falling trend line on the 4- hour chart, only a clear break above the trend line resistance could signal completion of the downtrend from 0.7897.

AUDUSD 4-hour chart