AUDUSD Daily Analysis – October 4, 2019

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 0.6894 had completed at 0.6670 already. Further rally could be expected in the coming days and next target would be at 0.6800 area. Near term support is at 0.6725, below this level could trigger another fall towards 0.6670.

AUDUSD 4-hour chart