AUDUSD Weekly Analysis – December 4, 2016

AUDUSD remains in downtrend from 0.7778, the rise from 0.7310 is likely consolidation of the downtrend. Deeper decline could be expected after consolidation, and next 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