AUDUSD Daily Analysis – October 1, 2018

AUDUSD is now in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Resistance is at 0.7250, as long as this level holds, the downtrend will continue.

AUDUSD 4-hour chart