AUDUSD Daily Analysis – October 15, 2019

AUDUSD remains in the uptrend from 0.6670, the pullback from 0.6810 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to resume, further rise towards 0.6850 area is still possible. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 0.6810 already, then another fall towards 0.6600 could be seen.

AUDUSD 4-hour chart