AUDUSD Weekly Analysis - September 18, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 18 September 2016 07:52 UTC
AUDUSD broke below 0.7489 support, indicating that the upward movement from 0.7144 had completed at 0.7755 already. The pair is now in downtrend. Further decline could be expected over the next several weeks, and next target would be at 0.6900 area. Resistance is at 0.7755, only break above this level could trigger another rise to 0.8000 zone.

audusd chart

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