AUDUSD Daily Analysis – October 19, 2018

AUDUSD broke below 0.7095 support, suggesting that the short term uptrend from 0.7041 had completed at 0.7159 already. Further decline could be expected and next target would be at 0.7041 previous low. Resistance is at 0.7130, only a break of this level could trigger another upside movement towards 0.7200.

AUDUSD 4-hour chart