AUDUSD Weekly Analysis - August 10, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 August 2014 07:02 UTC
AUDUSD is facing 0.9202 support, a breakdown below this level will indicate that the uptrend from 0.8660 had completed at 0.9504 already, then the following downward movement could bring price to 0.8000 area. However, as long as 0.9202 support holds, the price action from 0.9461 could be treated as consolidation of the uptrend, one more rise towards 1.0000 is still possible.

audusd chart

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