AUDUSD Weekly Analysis - September 7, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 September 2014 07:57 UTC
AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. The 0.9504 resistance would be tested next week, a break of this level will indicate that the uptrend from 0.8660 has resumed, then next target would be at 1.0000 area. 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

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.