AUDUSD Daily Analysis – November 21, 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 to test l0.7164 support would likely be seen and a breakdown below this level could trigger further downside movement towards 0.7100. Resistance is at 0.7250, only a break of this level could bring the price back into 0.7280 zone.

AUDUSD 4-hour chart