AUDUSD Daily Analysis – October 17, 2014

AUDUSD moved sideways in the trading range between 0.8642 and 0.8898 for several days. As long as 0.8898 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 0.9401, another fall to 0.8400 area is possible after consolidation.

audusd chart