AUDUSD Weekly Analysis – October 6, 2019

After touching 0.6677 support, AUDUSD rebounded from 0.6670, suggesting that lengthier consolidation for the downtrend from 0.7295 is needed. Further rally could be expected in the coming days and the target would be at the falling trend line on the daily chart. Only break below 0.6670 level could trigger another fall towards 0.6500.

AUDUSD daily chart