AUDUSD Daily Analysis – November 7, 2019

AUDUSD’s fall from 0.6929 extended to as low as 0.6868. Deeper decline would likely be seen in the coming days and next target would be at 0.6840 area. However, as long as 0.6840 support holds, the fall could be treated as consolidation for the uptrend from 0.6670, one more rise towards 0.6950 area is possible after the consolidation.

AUDUSD 4-hour chart