AUDUSD Analysis – November 24, 2013

AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 0.756, and the fall extends to as low as 0.9143. Initial resistance is at the trend line, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.9000 area.

audusd daily chart