AUDUSD Daily Analysis – January 25, 2019

AUDUSD’s downside movement from 0.7235 to as low as 0.7076. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue, and next target would be at 0.7000 area. Only break above the trend line resistance could signal completion of the downtrend.

AUDUSD 4-hour chart