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In the previous AUD/USD forecast we noted that the currency pair was bearish for the week. The forecasted bearish indication was accurate and the AUD/USD went below 0.75. A look at the zoomed out chart suggested an extended bearish target at 0.72.

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair was again bearish for the week. It is now at 0.7369 and below the bottom bollinger band.

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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