AUDUSD Daily Analysis – November 4, 2019

AUDUSD remains in the uptrend from 0.6809, the pullback from 0.6929 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 to 0.6950 area is still possible after the consolidation. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 0.6929 already, then the pair would find support at 0.6809.

AUDUSD 4-hour chart