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In the previous AUD/USD forecast we noted that the currency pair was bullish. The region of 0.69 was tested but remained a strong support. Our resistance target remained at 0.725.

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Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair was bullish again for the week. It hit the bullish target of 0.725 and stretched further.

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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