AUDUSD Weekly Analysis - April 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 April 2016 12:39 UTC
AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. Near term support is at the bottom of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8000 area. Key support is at 0.7450, only break below this level could signal completion of the uptrend.

audusd chart

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