AUDUSD Weekly Analysis – August 5, 2023

AUDUSD has been trading in a sideways range between 0.6170 and 0.7157 for several weeks. The sideways movement is likely a consolidation phase within the long-term downtrend from 0.8006. As long as the resistance of the falling trend line on the weekly chart holds, there is an expectation for the downside move to resume. A … <a href="https://www.forexcycle.com/long-term-forex-analysis/136541-audusd-weekly-analysis-august-5-2023.html">Continue reading<span> "AUDUSD Weekly Analysis – August 5, 2023"</span></a>