AUDUSD Daily Analysis - October 27, 2014 Forex Analysis

AUDUSD continued its sideways movement in a range between 0.8642 and 0.8898. the sideways movement is likely consolidation of the downtrend from 0.9401, as long as 0.8898 resistance holds, another fall to 0.8400 area is still possible. Only break above 0.8898 resistance could signal completion of the downtrend.

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