AUD/USD Weekly Analysis – Sunday, November 19

AUD/USD extended its downside movement from 0.8124, facing a support level at 0.7535. As long as the pair is below the falling trend line on the daily chart, the downside move can be expected to continue and next target would be at 0.7328.

On the upside, a clear break above the trend line resistance could bring price back to next resistance level at 0.7729. A breakout of this level will confirm that the downtrend is complete, then next target would be at 0.7897.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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