AUDUSD Daily Analysis – February 25, 2019

AUDUSD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall could be expected after the correction and next target would be at 0.7000 area. Support is at 0.7069, a breakdown below this level could signal resumption of the downtrend.

AUDUSD 4-hour chart