AUDUSD (AU) buy opportunity to the upside.

AUDUSD has hit a strong weekly support zone after a sharp sell-off.

The USD appears to be showing signs of an incoming retracement after a strong upside move, and I believe that AUDUSD will retrace to the upside on this short term dollar weakness.

The long term trend is still down for AUDUSD, but this is a good buy opportunity for a retracement.