AUDUSD Weekly Analysis – September 13, 2015

AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.8162. As long as the trend line resistance holds, the bounce from 0.6907 could be treated as consolidation of the downtrend, and further decline towards 0.6500 could be expected. Only a clear break above the trend line resistance could signal completion of the downtrend.

audusd chart