AUDUSD Weekly Analysis – November 10, 2019

AUDUSD failed to break above the resistance of the falling trend line on the daily chart and pulled back to 0.6900 area. Deeper decline to test 0.6800 support is possible next week, a breakdown below this level would indicate that the downtrend from 0.7295 has resumed, then next target would be at 0.6670 support. On the upside, a breakout of the trend line resistance would confirm that the downtrend had completed at 0.6670 already, then the following upside movement could take the price to 0.7200 area.

AUDUSD daily chart