aud usd weekly-supports around 0.72 and 0.7050

Aud usd forex weekly technical analysis 9 to 13 may 2016 Aud usd forex weekly technical analysis 16 to 20 may 2016 Aud usd pair this week closed with loss. Weak Aussie and bouncing back dollar index, making continues selling pressure here. This was third losing week for Aussie dollar.   For next week, aud/usd pair has strong supports around 0.72 and 0.7050 levels and watch these levels for reversal moves. On upside 0.7650 and 0.7720 are resistances as well as tgts on reversal move.   On monthly chart, aud forming base around 0.7. If it sustain above 0.7 then it will be best investing opportunity with long term view for tgts 0.78 and then 0.87.

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