AUDUSD Daily Forecast Oct 20 2014

Minors - 956854 (1)

Outlook in AUDUSDĀ remains on the downside as long as resistance 0.8825 holds on a daily closing basis , support comes at the 0.8642 levels , losing this level will extend losses towards the 0.8500 levels , a halt is likely , but further losses will open the 0.8400 levels ahead of the 0.8315 levels .

On the upside , resistance comes at the 0.8825 levels , a clear break above this level will turn outlook neutral and bring rebound towards the 0.8947/0.9111 levels , If this resistance is taken out , focus will be on the 0.9275/0.9373 levels.

In all , as long as resistance 0.8825 holds on a daily closing basis , outlook in AUDUSD remains on the downside towards the 0.8642 levels ahead of the 0.8500 levels , a clear break above the 0.8825 levels will put the pair in recovery mode , but recovery above the 0.8825 levels should be limited by the 0.9111/0.9373 levels.

 

AUDUSD Daily Forecast Oct 20 2014

MARKET DATA

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