MARKET NEWS AND ANALYSIS

Friday, August 31, 2018

AUDUSD extend to the downside. Targets 2018 low.

via : forexlive

A new low will be the lowest level since January 2017

The AUDUSD has extended to the downside with the 2018 (and August 14 low) at 0.72018 the next key target. A move below that level will take the pair to the lowest level since January 2017. The next target would be the 0.7144-59 area which were swing lows from Decemeber 2016 and May 2015 (see weeikly chart below)


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