AUDUSD Daily Analysis – October 8, 2019

AUDUSD broke below 0.6740 support, suggesting that the upside movement from 0.6670 had completed at 0.6773 already. Further decline could be expected in the coming days and next target would be at 0.6700 area. Near term resistance is at 0.6750, only break above this level could trigger another rise towards 0.6800.

AUDUSD 4-hour chart