AUDUSD Weekly Analysis - December 21, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 21 December 2014 05:31 UTC
AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.7500 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart

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