AUDUSD Daily Analysis – January 29, 2015

AUDUSD is facing 0.7857 support, a breakdown below this level will indicate that the downtrend from 0.8294 has resumed, then next target would be at 0.7700 area. On the other side, as long as 0.7857 support holds, range trading between 0.7857 and 0.8100 could be expected to continue.

audusd chart