AUDUSD Daily Analysis – November 11, 2019

AUDUSD broke below the support of the rising price channel on the 4-hour chart, suggesting that the upside movement from 0.6670 had completed at 0.6929 already. Further decline could be expected in the coming days and next target would be at 0.6800 area. Near term resistance is at 0.6890, only break above this level could trigger another rise towards 0.6950.

AUDUSD 4-hour chart