AUDUSD Daily Analysis – September 30, 2019

AUDUSD remains in the downtrend from 0.6894, the bounce from 0.6738 is likely consolidation for the downtrend. As long as 0.6808 key resistance holds, the downside movement could be expected to continue and next target would be at 0.6700 area. On the upside, a break of 0.6808 resistance would indicate that the downside movement had completed at 0.6738 already, then another rise towards 0.6900 could be seen.

AUDUSD 4-hour chart