AUDUSD Weekly Analysis - August 28, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 28 August 2016 08:14 UTC
AUDUSD is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the uptrend from 0.7144 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 signal completion of the uptrend, then the following downward movement could bring price to 0.6900 zone.

audusd chart

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