AUDUSD Weekly Analysis - December 28, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 December 2014 06:18 UTC
AUDUSD's downward movement from 0.9504 extended to as low as 0.8087. Further decline could be expected after a minor consolidation, and next target would be at 0.7500 area. Resistance is located at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart

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