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AUDUSD Weekly Analysis - August 23, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 23 August 2015 07:02 UTC
AUDUSD stays in the downward price channel on daily chart, and remains in downtrend from 0.8162. As long as the channel resistance holds, the downtrend could be expected to continue, and further decline to 0.6800 area is possible. However, a clear break above the channel resistance could signal completion of the downtrend.

audusd chart

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