AUDUSD Daily Analysis - August 31, 2016

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 31 August 2016 05:35 UTC
AUDUSD continued its downward movement from 0.7755, and the fall extended to as low as 0.7500. Further decline is still possible over the next several days, and next target would be at 0.7250 area. Near term resistance is at 0.7585, only break above this level could bring price back to test the resistance of the downward trend line on 4-hour chart.

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.