AUDUSD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:31 UTC
AUDUSD broke above 0.7938 resistance, indicating that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.7532 already. The pair is now in uptrend, further rise could be expected over the next several weeks, and next target would be at 0.8800 area. Support is at 0.7532, only break below this level could trigger another fall towards 0.7000.

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.