AUDUSD Daily Analysis – October 22, 2019

AUDUSD’s upside movement from 0.6723 extended to as high as 0.6882. As long as 0.6860 support holds, the upside movement could be expected to continue and next target would be at 0.6900 area. On the downside, a breakdown below 0.6860 support would indicate that the upside movement is complete, then the pair would find next support level at around 0.6820.

AUDUSD 4-hour chart