AUDUSD Weekly Analysis – September 27, 2014

AUDUSD continued its downward movement from 0.9401, and the fall extended to as low as 0.8747. Further decline to test 0.8660 support is possible next week. Resistance is at 0.8850, only break above this level will indicate that consolidation of the longer term downtrend from 0.9504 is underway, then the pair will find resistance around 0.8950.

audusd chart