AUDUSD Daily Analysis – October 25, 2019

AUDUSD extended its downside movement from 0.6882 to as low as 0.6810. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6780 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement is complete, then another rise towards 0.6900 could be seen.

AUDUSD 4-hour chart