AUDUSD Daily Analysis – November 17, 2016

AUDUSD continued its downward movement from 0.7778 and the fall extended to as low as 0.7460. Further decline is still possible after a minor consolidation, and next target would be at 0.7300 area. Resistance levels are at 0.7525 and 0.7590, as long as these levels hold, the downtrend will continue.

audusd chart