AUDUSD Daily Analysis - September 5, 2016

Short Term Forex Analysis | by ForexCycle.com | Monday, 05 September 2016 11:18 UTC
AUDUSD stays below the downward trend line on 4-hour chart and remains in downtrend from 0.7755. As long as the trend line resistance holds, the rise from 0.7489 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 0.7250 area.

audusd chart

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