AUD/USD ended the year 2014 with a complete domination of the bearish trend

The Australian dollar has shown a lot of weakness in recent days against the U.S. dollar and is expected to continue.

AUD/USD stays below the resistance level 0.8929, a level that has shown great strength on this pair, as the AUD/USD has failed to consolidate above this level. Now, it is very likely that this pair fall to the support level of 0.8337, but is expected that this pair starts to form a higher low pattern.

The MACD indicator remains in neutral territory, so we recommend caution when placing buy orders.

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