AUDUSD Daily Analysis – February 6, 2018

AUDUSD extended its downside movement from 0.8135 to as low as 0.7855. Further decline is still possible after a minor consolidation and next target would be at 0.7800 area. Resistance is at 0.7955, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart