AUDUSD Weekly Analysis – June 12, 2016

No changed in our view, AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 could be treated as correction of the downtrend. Resistance is at 0.7550, as long as this level holds, the downtrend could be expected to resume, and further decline to test 0.6826 support is still possible.

audusd chart