AUDUSD Daily Analysis – January 16, 2015

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. Resistance is at 0.8300, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.7500 is still possible after consolidation.

audusd chart