AUDUSD Weekly Analysis - December 6, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 06 December 2015 08:40 UTC
AUDUSD is facing 0.7439 resistance again, a break of this level will indicate that the downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.8000 zone. However, as long as 0.7439 resistance holds, the sideways movement in a range between 0.6907 and 0.7439 could be expected to continue.

audusd chart

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