AUDUSD Weekly Analysis – September 20, 2020

AUDUSD remains in the uptrend from 0.5507, the pullback from 0.7413 is likely consolidation for the uptrend. As long as the price is in the rising price channel on the daily chart, the upside movement could be expected to continue and next target would be at 0.7600 area. Key support is now at 0.7130, a breakdown below this level could bring the price back into 0.6800 zone.

AUDUSD daily chart