AUD USD weekly forcast 23 to 27 may 2016

AUD USD weekly forcast 23 to 27 may 2016 AUD USD this week closed with loss at 0.7217. This was forth weekly loss for Aussie dollar.   For next week, audusd outlook remain weak and strategy remain sell on rise.   On downside 0.7125 and 0.70 are support zones as well as tgts. While on upside 0.73 and 0.7450 are resistances as well as stop loss for short positions.   On monthly chart, aud usd is heading towards previous bottom support of 0.70.

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Pramod Baviskar

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