AUDUSD Daily Analysis – October 11, 2019

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 0.6773 had completed at 0.6709 already. Another rise towards 0.6800 could be expected in the coming days. Near term support is at 0.6750, below this level could trigger another fall towards 0.6700.

AUDUSD 4-hour chart