AUDUSD Daily Analysis – December 27, 2018

AUDUSD remains in the downtrend from 0.7393, the bounce from 0.7031 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 0.6950 area. Resistance is at 0.7120, only a break of this level could bring the price back towards 0.7170.

AUDUSD 4-hour chart