AUDUSD Daily Analysis – October 29, 2019

AUDUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.6882 had completed at 0.6809 already. Further rally could be expected and next target would be at 0.6860 area. Support is at 0.6809, only break below this level could trigger another fall towards 0.6760.

AUDUSD 4-hour chart