AUDUSD Daily Analysis - September 27, 2016

Short Term Forex Analysis | by ForexCycle.com | Tuesday, 27 September 2016 02:10 UTC
AUDUSD broke below the bottom of the price channel on 4-hour chart, implying that the uptrend from 0.7441 had completed at 0.7674 already. Key support is at 0.7602, a breakdown below this level will confirm the completion of the uptrend, then the following downward movement could bring price back to 0.7400 zone. Resistance is at 0.7674, only break above this level could trigger another rise towards 0.8000.

audusd chart

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