AUDUSD Daily Analysis – November 17, 2017

AUDUSD stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 0.7729. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.7500 area. On the upside, a clear break above the trend line resistance could bring price back to next resistance level at 0.7645. Above this level could trigger upside movement towards 0.7700 area.

AUDUSD 4-hour chart