AUDUSD Daily Analysis – February 11, 2019

AUDUSD remains in the downtrend from 0.7295, the bounce from 0.7060 is likely consolidation for the downtrend. Further decline is still possible and next target would be at 0.7000 area. Near term resistance is at 0.7120, a break of this level could bring the price back to 0.7180 zone.

AUDUSD 4-hour chart