AUDUSD Weekly Analysis – September 27, 2015

AUDUSD remains in downtrend from 0.9504 (Jul 1, 2014 high), the rise from 0.6907 is likely consolidation of the downtrend. Range trading between 0.6907 and 0.7439 could be seen over the next several weeks. Key resistance is at 0.7439, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.6500 is still possible.

audusd chart