AUDUSD Analysis – November 9, 2013

AUDUSD is now in downtrend from 0.9756, and the fall extends to as low as 0.9352. Further decline could be expected next week, and next target would be at 0.9000 area. Resistance is now at 0.9550, only break above this level could trigger another rise towards 1.0000.

audusd daily chart