AUDUSD Daily Analysis - September 13, 2016

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 13 September 2016 02:18 UTC
Being contained by 0.7489 support, AUDUSD rebounded from 0.7493. However another fall to re-test this support level is still possible after a minor consolidation, below this level will indicate that the uptrend from 0.7144 (May 24 low) had completed at 0.7755 already, then the following downward movement could bring price to 0.7200 zone. Resistance is at 0.7600, only break above this level will signal completion of the downward movement from 0.7731, then further rally to 0.7700 area could be seen.

audusd chart

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