AUDUSD Daily Analysis – November 6, 2017

AUDUSD pulled back to 0.7640 area after touching 0.7718 resistance, indicating that the pair remains in the downtrend from 0.8124 (Sep 8 high). A breakdown below 0.7624 support could signal resumption of the downtrend, then next target would be at 0.7500 area. Near term resistance is at 0.7670, only break above this level could trigger another rise to test 0.7718 resistance.

AUDUSD 4-hour chart