AUDUSD Daily Analysis – November 4, 2014

AUDUSD is facing 0.8642 support, a breakdown below this level will signal resumption of the downtrend from 0.9401 (Sept 5 high), then next target would be at 0.8400 area. Near term resistance is at 0.8730, above this level will indicate that lengthier sideways movement is underway, then another rise to test 0.8900 resistance could be seen.

audusd chart