AUDUSD Daily Analysis – November 19, 2014

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 0.8540 had completed at 0.8795 already. Further decline to test 0.8540 support would likely be seen. Resistance is at 0.8795, only break above this level could trigger another rise towards 0.8900.

audusd chart