AUDUSD Weekly Analysis – September 17, 2017

AUDUSD stays above a bullish support trend line on its daily chart and remains in the uptrend from 0.7328. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 0.8162, followed by 0.8450. On the downside, a clear break below the trend line support could bring price back to test 0.7807 key support, below this level will confirm that the upside movement had completed at 0.8124 already, then the following bearish movement could bring price back to 0.7500 area.

AUDUSD daily chart