AUDUSD Weekly Analysis – September 6, 2015

AUDUSD’s downward movement from 0.8162 extended to as low as 0.6906. Further decline could be seen over the next several weeks, and next target would be at 0.6500 area. Resistance is located at the downward trend line on daily chart, only a clear break above this trend line resistance could signal completion of the downtrend.

audusd chart