AUDUSD Weekly Analysis - August 21, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 21 August 2016 13:08 UTC
AUDUSD stays above the upward trend line on daily chart and remains in uptrend from 0.7144. As long as the trend line 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 trend line support will indicate that the uptrend had completed at 0.7755 already, then the following downward movement could bring price to 0.6900 zone.

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.