AUDUSD Weekly Analysis – November 20, 2016

AUDUSD broke below 0.7441 support, indicating that the uptrend from 0.7144 had completed at 0.7778 already. Further decline could be expected over the next several weeks, and the target would be at 0.6900 area. Resistance is at 0.7530, only break above this level could trigger another rise towards 0.8500.

audusd chart