AUDUSD Weekly Analysis – October 2, 2016

AUDUSD is facing 0.7755 resistance, a break of this level will signal resumption of the uptrend from 0.7144, then next target would be at 0.8000 area. On the downside, as long as 0.7755 resistance holds, another fall towards 0.6900 could be expected.

audusd chart