AUDUSD Weekly Analysis - April 20, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 20 April 2014 03:18 UTC
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. Support is at the lower line of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to resume, and one more rise to 0.9600 area to complete the upward movement is still possible. Only a clear break below the channel support could signal completion of the uptrend.

audusd chart

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