AUDUSD Weekly Analysis – September 13, 2020

AUDUSD stays in a rising price channel on the daily chart and remains in the uptrend from 0.5507. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 0.7600 area. Key support is at 0.7060, a breakdown below this level would confirm that the upside movement had completed at 0.7413 already, then the pair would find next support level at around 0.6800.

AUDUSD daily chart