AUDUSD Weekly Analysis - April 26, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 26 April 2015 09:26 UTC
AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high), another fall towards 0.7000 is still possible after consolidation. Key resistance is now at 0.7938, only break above this level could signal completion of the downtrend.

audusd chart

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