AUDUSD Weekly Analysis - October 25, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 October 2015 07:29 UTC
AUDUSD failed to break above 0.7439 resistance, indicating that the pair remains in downtrend from 0.9504 (Jul 1, 2014 high), and the rise from 0.6907 could be treated as consolidation of the downtrend. Another fall towards 0.6500 could be expected after consolidation. 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.