AUDUSD Weekly Analysis - July 26, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 26 July 2014 11:52 UTC
AUDUSD stays in a trading range between 0.9202 and 0.9504. Key support is at 0.9202, a breakdown below this level will signal completion of the uptrend from 0.8660, then the following downward movement could bring price to 0.8000 area. On the upside, as long as 0.9202 support holds, the uptrend from 0.8660 could be expected to continue, and further rise to 1.0000 area is still possible.

audusd chart

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