AUDUSD Daily Analysis – February 23, 2018

AUDUSD is now in the downtrend from 0.7988, the bounce from 0.7790 is likely consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 0.7759 support. Resistance is at 0.7880, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart