AUDUSD Weekly Analysis – February 2, 2020

AUDUSD is facing 0.6670 support, a breakdown below this level could trigger further downside movement to 0.6450 area. Resistance is located at the falling trend line on the daily chart, only a breakout of the trend line resistance would suggest that the downside movement from 0.7031 is complete, then another rise towards 0.7000 could be seen.

AUDUSD daily chart