AUDUSD Weekly Analysis - August 24, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 August 2014 01:25 UTC
AUDUSD stays in the trading range between 0.9202 and 0.9504. As long as 0.9202 support holds, the price action in the range could be treated as consolidation of the uptrend from 0.8660, another rise to 1.0000 area is still possible. On the downside, a breakdown below 0.9202 support will indicate that the uptrend had completed at 0.9504 already, then the following downward movement could bring price to 0.8000 zone.

audusd chart

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