AUDUSD Daily Analysis – November 14, 2014

AUDUSD remains in uptrend from 0.8540, the fall from 0.8764 would possibly be consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 0.8800 area. On the downside, a clear break below the trend line support will indicate that the uptrend had completed at 0.8764 already, then the following downward movement could bring price to 0.8400 zone.

audusd chart