AUDUSD Weekly Analysis - March 27, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 March 2016 07:02 UTC
AUDUSD remains in uptrend from 0.6826, the fall from 0.7680 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 0.8000 area. On the downside, a clear break below the channel support will indicate that the uptrend had completed at 0.7680 already, then the pair will find support around 0.7300.

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.