AUDUSD Weekly Analysis – April 3, 2016

AUDUSD stays in the upward price channel on daily chart, and remains in uptrend from 0.6826. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 0.8000 area. On the downside, a clear break below the channel support will signal completion of the uptrend, then the following downward movement could bring price back to 0.6500 area.

audusd chart