AUDUSD Weekly Analysis – February 11, 2018

AUDUSD continue its downside movement from 0.8135 and the fall extended to as low as 0.7759. Further decline is still possible after a minor consolidation next target would be at 0.7650 area. Near term resistance is at 0.7850, only break above this level would suggest that consolidation for the downtrend is underway, then further rally to 0.7970 area could be seen.

AUDUSD daily chart