AUDUSD Daily Analysis – October 2, 2019

AUDUSD extended its downside movement from 0.6894 to as low as 0.6670. Further decline is still possible after a minor consolidation and next target would be at 0.6650 area. Near term resistance is at 0.6720, above this level could bring the price back towards the falling trend line on the 4-hour chart.

AUDUSD 4-hour chart