AUDUSD Requires Caution - Technical Analysis: Thursday, 27/11/2014 07:48 GMT

Breaching the resistance level that was formed after breaking the above shown support line supports targeting the critical resistance at 0.8720, this resistance forms a resistance of a potential falling wedge that might push the price to turn its short term trend upwards.

Monitoring the price behavior is important in the upcoming period, especially according to 0.8550 support and 0.8720 resistance.