AUDUSD Weekly Analysis - December 27, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 December 2015 07:49 UTC
AUDUSD moved sideways in a trading range between 0.6907 and 0.7439 for several months. Another rise to test 0.7439 would likely be seen in a couple of weeks, a break of this level will indicate that the long term downtrend from 0.9504 (Jul 1, 2014 high) had completed at 0.6907 already, then the following upward movement could bring price to 0.9000 area. On the downside, as long as 0.7439 resistance holds, the sideways movement would possibly be consolidation of the long term downtrend, another fall towards 0.6500 is still possible after consolidation.

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.