AUDUSD Weekly Analysis - June 7, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 June 2015 07:54 UTC
AUDUSD is testing 0.7532 support, a breakdown below this level will signal resumption of the long term downtrend from 0.9504 (Jul 1, 2014 high), then next target would be at 0.7000 area. On the other side, as long as 0.7532 support holds, the fall from 0.8162 could be treated as correction of the uptrend from 0.7532, one more rise to 0.8800 area is still possible.

audusd chart

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