AUDUSD Weekly Analysis - February 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 February 2014 07:50 UTC
AUDUSD is facing 0.9085 key resistance, a break above this level will indicate that the downtrend from 0.9756 had completed at 0.8660 already, then further rise to 0.9600 area could be seen to follow. On the downside, as long as 0.9085 resistance holds, the downtrend could be expected to resume, and one more fall to 0.8500 area is still possible.

audusd chart

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