AUDUSD Weekly Analysis - June 28, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 June 2015 07:18 UTC
AUDUSD remains in long term downtrend from 0.9504 (Jul 1, 2014 high), the sideways movement in the range between 0.7532 and 0.8162 is likely consolidation of the downtrend. Key resistance is at 0.8162, as long as this level holds, the downtrend could be expected to resume, and one more fall to 0.7000 area is still possible. Only break above 0.8162 resistance could bring price back to 0.8800 zone.

audusd chart

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