AUDUSD Weekly Analysis - October 18, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 18 October 2015 07:56 UTC
AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Resistance is at 0.7439, as long as this level holds, the downtrend could be expected to resume, and further decline to 0.6500 area is still possible. Key resistance is at 0.7650, only break above this level could signal completion of the downtrend.

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.