AUDUSD Daily Analysis – January 23, 2015

AUDUSD broke below 0.8032 support, indicating that the downtrend from 0.8910 (Oct 29, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.7800 area. Resistance levels are at 0.8140 and 0.8294, only break above these levels could signal completion of the downtrend.

audusd chart