AUDUSD Analysis – October 8, 2011

AUDUSD remains in downtrend from 1.0764 and the fall extended to as low as 0.9390. Key resistance is now at 0.9984, as long as this level holds, downtrend could be expected to resume, and another fall towards 0.9000 is still possible.

For long term analysis, AUDUSD is in downtrend from 1.1080. Deeper decline towards 0.9000 could be seen.

audusd daily chart