AUDUSD Weekly Analysis – September 8, 2019

AUDUSD broke above 0.6821 resistance, suggesting that the downtrend from 0.7081 had completed at 0.6677 already. Further rally could be expected in a couple of weeks and next target would be at 0.7000 area. Support is at 0.6677, only a breakdown below this level could trigger another fall towards 0.6500.

AUDUSD daily chart