AUDUSD Weekly Analysis – September 29, 2019

AUDUSD remains in the downtrend from 0.7295, the price action from 0.6677 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 0.6500 area. Near term resistance is at 0.6820, above this level could bring the price back towards the falling trend line on the daily chart.

AUDUSD daily chart