AUDUSD Weekly Technical Analysis 11-15 January, 2016 | January 9, 2016

Audusd is following a downward channel. On the above chart, we can see the downward box which indicates its bearish power. Last week, this pair falls continuously. This fall can be same on the next coming days. So we should be on this fall. For that we can join with this sharp falling of this pair.


0.7060 level can be near term sell zone. We can sell from that level. Below that resistance level, we should stay on sell mode. This is good level for selling.


Next target for this pair can be bottom line of the channel. So sellers can target lower line as per drawing on the chart.