AUDUSD Daily Analysis – November 24, 2016

AUDUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 0.7778. As long as the channel resistance holds, the downtrend will be expected to continue, and next target would be at 0.7200 area. Key resistance is now at 0.7444, only break above this level could signal completion of the downtrend.

audusd chart