AUDUSD Daily Analysis - October 17, 2016

Short Term Forex Analysis | by ForexCycle.com | Monday, 17 October 2016 02:39 UTC
AUDUSD broke above the channel resistance, indicating that the downward movement from 0.7710 had completed at 0.7506 already. The pair is now in uptrend from 0.7506, the fall from 0.7647 would possibly be correction of the uptrend. Another rise to test 0.7710 resistance could be expected after correction.

audusd chart

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