AUDUSD Weekly Analysis - May 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 10 May 2014 14:57 UTC
AUDUSD remains in uptrend from 0.8660, the fall from 0.9461 is likely consolidation of the uptrend. One more rise to 0.9550 - 0.9600 area to complete the upward movement is still possible. Support is now at 0.9202, only break below this level will indicate that the uptrend had completed at 0.9461 already, then the following downward movement could bring price back to 0.8500 zone.

audusd chart

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