AUDUSD Daily Analysis – October 25, 2016

AUDUSD remains in downtrend from 0.7734, the bounce from 0.7587 could be treated as consolidation of the downtrend. Resistance is at 0.7650, as long as this level holds, the downtrend could be expected to continue, and next target would be at 0.7500 area. Only break above 0.7650 resistance could signal completion of the downtrend.

audusd chart