AUDUSD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:53 UTC
AUDUSD remains in uptrend from 0.7532, the fall from 0.8162 is likely consolidation of the uptrend. Support is at 0.7750, as long as this level holds, the uptrend could be expected to continue, and next target would be at 0.8800 area. On the downside, a breakdown below 0.7750 support will indicate that the uptrend from 0.7532 had completed at 0.8162 already, then the following downward movement could bring price to 0.7000 zone.

audusd chart

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