AUDUSD Weekly Analysis – September 7, 2014

AUDUSD continued its sideways movement in a range between 0.9202 and 0.9504. The 0.9504 resistance would be tested next week, a break of this level will indicate that the uptrend from 0.8660 has resumed, then next target would be at 1.0000 area. On the downside, a breakdown below 0.9202 support will indicate that the uptrend had completed at 0.9504 already, then the following downward movement could bring price to 0.8000 zone.

audusd chart