AUDUSD Weekly Analysis - July 5, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 July 2015 08:06 UTC
AUDUSD broke below 0.7532 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be seen after a minor consolidation, and next target would be at 0.7000 area. Resistance is at 0.7740, only break above this level will indicate that lengthier consolidation for the long term downtrend is underway, then the following upward movement could bring price back to 0.8000 zone.

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.