Wednesday, 14 January 2015

AUDUSD Daily Analysis - January 15, 2015 Forex Analysis

AUDUSD remains in downtrend from 0.8910 (Oct 29, 2014 high), the rise from 0.8032 is likely consolidation of the downtrend. Sideways movement in a range between 0.8032 and 0.8300 would likely be seen in a couple of days. However, as long as 0.8300 resistance holds, the downtrend could be expected to resume, and another fall towards 0.7500 is still possible after consolidation.



audusd chart






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