AUDUSD Daily Analysis – October 24, 2017

AUDUSD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around 0.7690. Near term resistance is at 0.7835, only break above this level could bring price back to test 0.7897 resistance. Above this level could signal resumption of the uptrend from 0.7732, then next target would be at 0.7986.

AUDUSD 4-hour chart