AUDUSD Weekly Analysis – February 23, 2020

AUDUSD extended its downside movement from 0.7031 to as low as 0.6585. As long as the price is below the falling trend line on the daily chart, 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