AUDUSD Weekly Analysis – October 25, 2015

AUDUSD failed to break above 0.7439 resistance, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.6907 could be treated as consolidation of the downtrend. Another fall towards 0.6500 could be expected after consolidation. Key resistance is at 0.7650, only break above this level could signal completion of the downtrend.

audusd chart