AUDUSD Weekly Analysis – September 30, 2017

AUDUSD broke below 0.7807 key support, indicating that the upside movement from 0.7328 had completed at 0.8124 already. Further decline could be expected and next target would be at the resistance-turned-support trend line on the weekly chart now at around 0.7700. Near term resistance is at 0.7880, only break above this level could trigger another rise towards 0.8124.

AUDUSD daily chart