AUDUSD Weekly Analysis – February 16, 2020

AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.6500 area. Key resistance is at 0.6773, above this level could trigger another rise towards 0.7000.

AUDUSD daily chart