AUDUSD Daily Analysis – September 24, 2019

AUDUSD stays in a bearish price channel on the 4-hour chart and remains in the downtrend from 0.6894. As long as the channel resistance holds, the downside movement could be expected to continue and further decline to 0.6700 area is still possible. On the upside, a clear break above the channel resistance would indicate that the downtrend had completed at 0.6759 already, then the following upside move could bring the price back to 0.6850 area.

AUDUSD 4-hour chart