AUDUSD Weekly Analysis - February 15, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 February 2015 06:45 UTC
No changed in our view, AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.7625 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.7000 area. Only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart

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