AUDUSD Daily Analysis – November 20, 2019

AUDUSD is facing 0.6840 resistance, a break of this level would indicate that the downside movement from 0.6929 had completed at 0.6769 already, then another rise towards 0.6900 could be seen. On the downside, as long as 0.6840 resistance holds, the bounce from 0.6769 could be treated as consolidation for the downtrend, further decline to 0.6700 area is possible after the consolidation.

AUDUSD 4-hour chart