AUDUSD Daily Analysis – October 21, 2014

AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898. Resistance is at 0.8898, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 0.9401 (Sept 5 high), another fall to 0.8400 area could be expected after consolidation.

audusd chart