Sunday 2 November 2014

AUDUSD Daily Analysis - November 3, 2014 Forex Analysis

AUDUSD continued its sideways movement in a range between 0.8642 and 0.8910. As long as 0.8910 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 0.9401 (Sept 5 high), another fall to 0.8400 area is possible after consolidation. Only break above 0.8910 resistance could signal completion of the downtrend.



audusd chart






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