We previously note bearish pressure for the AUD/USD and it is likely not to pass in the near future.
Looking at the AUD/USD weekly chart above we note that the currency pair was slightly down for the week. The long candle is indicative of the volatility experienced due to the yuan devaluation.
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.