AUDUSD Daily Analysis – November 22, 2019

AUDUSD continued its sideways movement in a trading range between 0.6769 and 0.6840. As long as 0.6840 resistance holds, the downside movement from 0.6929 could be expected to resume, and further decline to 0.6700 area is still possible. Only break above 0.6840 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart