AUDUSD Weekly Analysis – October 13, 2019

AUDUSD is in consolidation for the downtrend from 0.7295. Another rise towards the bearish trend line on the daily chart would likely be seen in the coming days. As long as the trend line resistance holds, the downtrend could be expected to resume, a breakdown below 0.6670 support could trigger further downside movement towards 0.6500.

AUDUSD daily chart