AUDUSD Daily Analysis – November 14, 2018

AUDUSD is now in the downtrend from 0.7302, the bounce from 0.7164 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7164 support could take the price to 0.7050 area. Resistance is at 0.7250, only a breakout of this level could trigger another bullish movement towards 0.7300.

AUDUSD 4-hour chart