AUDUSD Weekly Analysis – October 27, 2019

AUDUSD is in consolidation for the downtrend from 0.7295. Further rally would likely be seen in the coming days and the target would be at the bearish trend line on the daily chart. As long as the trend line resistance holds, the downtrend could be expected to resume, another fall towards 0.6600 is possible after the consolidation.

AUDUSD daily chart