AUDUSD Daily Analysis – November 10, 2014

AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.8910 had completed at 0.8540 already. Further rise would likely be seen, and the target would be at 1.8750 area. Support is at 0.8540, only break below this level could trigger another fall to 0.8400 zone.

audusd chart