AUDUSD Daily Analysis – October 25, 2018

AUDUSD remains in the downtrend from 0.7159. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.7041 support. Only a clear break above the channel resistance could signal completion of the downtrend.

AUDUSD 4-hour chart