Tuesday, 7 October 2014

AUDUSD Daily Analysis - October 8, 2014 Forex Analysis

AUDUSD broke above 0.8826 resistance, indicating that the downtrend from 0.9401 had completed at 0.8642 already. Further rally would likely be seen in a couple of days, and the target would be at 0.8900 - 0.8950 area. Support levels are at 0.8720 and 0.8642, only break below these levels could trigger another fall towards 0.8000.



audusd chart






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