AUDUSD Daily Analysis – November 1, 2019

AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.6809. As long as the trend line support holds, the pullback from 0.6929 could be treated as consolidation for the uptrend, further rise towards 0.6950 is still possible after the consolidation. Only a breakdown below the trend line support would indicate that the uptrend had completed at 0.6929 already, then the pair would find next support level at 0.6809.

AUDUSD 4-hour chart