AUDUSD Weekly Analysis – February 10, 2019

AUDUSD broke below 0.7075 key support, suggesting that the upside movement from 0.6765 had completed at 0.7295 already. Further decline could be expected and next target would be at 0.6900 area. Near term resistance is at 0.7180, as long as this level holds, the downtrend will continue.

AUDUSD daily chart