AUDUSD Analysis. Jan 16, 2008

AUDUSD pulled back from 0.9018 level, further fall to test the key support at 0.8682 is still possible, a break below this level will signal the reversal to the up trend, and further fall below 0.8551 previous low is expected to follow.

For long term analysis, AUDUSD is in consolidation to the long term up trend, Rise towards 1.0000 to reach the next cycle top on weekly chart is still possible after consolidation, and a break above 0.9398 level will signal the resumption of the long term up trend.

audusd daily chart