AUDUSD Daily Analysis – November 26, 2014

AUDUSD broke below 0.8540 support, indicating that the downtrend from 0.8910 has resumed. Further decline could be expected over the next several days, and next target would be at 0.8300 area. Resistance is at 0.8600, only break above this level will indicate that lengthier sideways movement is underway, then further rise to 0.8750 area could be seen.

audusd chart