AUDUSD Weekly Analysis – May 19, 2019

AUDUSD stays below a bearish trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.6765 support. Only a breakout of the trend line resistance could signal completion of the downtrend.

AUDUSD daily chart