AUDUSD Weekly Analysis – September 15, 2018

AUDUSD stays below a falling trend line on the daily chart. As long as the trend line resistance holds, the bounce from 0.7085 could be treated as consolidation for the downtrend from 0.8135, and further decline towards 0.6900 is still possible after the consolidation. Only a clear break above the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart