AUDUSD Analysis – November 16, 2013

AUDUSD’s downward movement from 0.9756 extends to as low as 0.9269. Resistance is now at 0.9545, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.9000 area, only break above 0.9545 level could trigger another rise towards 1.0000.

audusd daily chart