AUDUSD Daily Analysis – October 15, 2014

AUDUSD is facing 0.8642 support again, a breakdown below this level will signal resumption of the downtrend from 0.9401, then next target would be at 0.8400 area. On the other side, as long as 0.8642 support holds, the sideways movement could be expected to continue, and the trading range would be between 0.8642 and 0.8898.

audusd chart