AUDUSD Weekly Analysis – September 8, 2018

AUDUSD extended its downside movement from 0.8135 to as low as 0.7097. Further decline is still possible in a couple of week and next target would be at 0.7000 area. Resistance is at the falling trend line on the daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart