AUDUSD Daily Analysis – November 4, 2016

AUDUSD broke above 0.7688 resistance, indicating that the downward movement from 0.7734 had completed at 0.7557 already. Further rise could be expected and next target would be at 0.7800 area. Support is at 0.7600, only break below this level could bring price back to 0.7500 zone.

audusd chart