AUDUSD Weekly Analysis - January 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 January 2016 09:29 UTC
AUDUSD broke below 0.6907 support, indicating that the long term downtrend from 0.9504 (Jul 1, 2014 high) has resumed. Further decline could be expected, and next target would be at 0.6500 area. Near term resistance is at 0.7050, only break above this level could bring price back to test 0.7439 key resistance.

audusd chart

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