AUDUSD continues its downward movement

AUDUSD continues its downward movement from 1.0255 and the fall extended to as low as 0.9803 level. Deeper decline is still possible in a couple of days and next target would be at 0.9700-0.9750 area. Initial resistance is at 0.9890 and key resistance is at 0.9991, only break above these level could indicate that the downtrend from 1.0255 is complete.

Daily Forex Forecast

FX_Trdr