AUDUSD Weekly Analysis - March 1, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 March 2015 07:42 UTC
AUDUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the bounce from 0.7625 could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall to 0.7000 area is still possible after consolidation. Only a clear break above the trend line resistance could signal completion of the downtrend.

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.