AUDUSD Daily Analysis – November 22, 2018

AUDUSD remains in the downtrend from 0.7337, the bounce from 0.7201 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7100 area. Resistance is at 0.7280, a break of this level could trigger another bullish movement towards 0.7400.

AUDUSD 4-hour chart