AUDUSD Daily Analysis – November 15, 2017

AUDUSD continued its downside movement from 0.7729 and the fall extends to as low as 0.7576. Near term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, further decline could be expected and next target would be at 0.7500 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

AUDUSD 4-hour chart