AUDUSD Weekly Analysis – July 24, 2016

AUDUSD remains in downtrend from 0.7834, the rise from 0.7144 is likely correction of the downtrend. Another fall to 0.6900 area to complete the downward movement could be expected. Key resistance is at 0.7834, only break above this level could bring price to 0.9000 zone.

audusd chart