AUDUSD Daily Analysis - October 13, 2016

Short Term Forex Analysis | by ForexCycle.com | Thursday, 13 October 2016 02:38 UTC
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.7710. Further decline could be expected after a minor consolidation, and next target would be at 0.7400 area. Near term resistance is at the downtrend line, and the key resistance is at 0.7628, only break above this level could signal completion of the downtrend.

audusd chart

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