AUDUSD Weekly Analysis – February 18, 2018

AUDUSD remains in the downtrend from 0.8135, the bounce from 0.7758 is likely correction of the downtrend. Another fall could be expected to correction and a breakdown below 0.7758 support could trigger further downside movement towards 0.7500. Near term resistance is at 0.8000, only break above this level could take price to test 0.8135 resistance.

AUDUSD daily chart