AUDUSD Daily Analysis – November 8, 2017

AUDUSD is facing 0.7624 support, a breakdown below this level could signal resumption of the downtrend from 0.7897 then further decline towards 0.7500 could be seen. Near term resistance is at 0.7670, a break of this level could bring price back to test 0.7729. Above this level will indicate that lengthier consolidation for the longer term downtrend from 0.8124 (Sep 8 high) is underway, then the pair would find next resistance at 0.7800.

AUDUSD 4-hour chart