AUDUSD Daily Analysis – February 7, 2019

AUDUSD broke below 0.7193 support and extended its downside movement from 0.7295 to as low as 0.7100. Further decline could be expected in the coming days and next target would be at 0.7050 area. Near term resistance is at 0.7140, above this level could bring the price back to 0.7180 area.

AUDUSD 4-hour chart