AUDUSD Weekly Analysis – November 17, 2019

AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7205. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.6670 support, below here would aim 0.6500 area. Key resistance is at 0.6929, only break above this level could signal completion of the downtrend.

AUDUSD daily chart