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TFC Commodity Trading Forum

AUDUSD remains in downtrend from 0.9401 *LINK* *PIC*

AUDUSD remains in downtrend from 0.9401. Further decline could be expected, and next target would be at 0.8600 area. Key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance will indicate that the downtrend had completed at 0.8683 already, then the pair will find resistance around 0.8850.