Sponsors

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

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.