AUDUSD Daily Analysis – January 14, 2015

No changed in our view, AUDUSD is in consolidation of the downtrend from 0.8910 (Oct 29, 2014 high). Range trading between 0.8032 and 0.8300 would likely be seen in a couple of days. As long as 0.8300 resistance holds, the downtrend could be expected to resume, and another fall towards 0.7500 is still possible after consolidation.

audusd chart