AUDUSD Daily Analysis – November 20, 2018

AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area. Near term resistance is at 0.7310, only a break out of this level could trigger another rise towards 0.7400.

AUDUSD 4-hour chart