AUDUSD Daily Analysis – October 21, 2016

AUDUSD broke below 0.7650 support, indicating that the uptrend from 0.7506 had completed at 0.7734 already. Further decline could be expected over the next several days, and next target would be at 0.7500 area. Resistance levels are at 0.7680 and 0.7734, only break above these levels could trigger another rise towards 0.8000.

audusd chart