AUDUSD Weekly Analysis - September 4, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 04 September 2016 14:04 UTC
AUDUSD broke below the upward trend line on daily chart, indicating that the upward movement from 0.7144 had completed at 0.7755 already. Further decline could be expected over the next several weeks, and the target would be at 0.6900 area. Resistance is at 0.7755, only break above this level could trigger another rise towards 0.8000.

audusd chart

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