AUDUSD Daily Analysis – January 22, 2015

AUDUSD broke below the support of the upward trend line on 4-hour chart. Further decline to test 0.8032 support could be seen, a breakdown below this level will confirm that the downtrend from 0.8910 (Oct 29, 2014 high) has resumed, then next target would be at 0.7500 area.

audusd chart