AUDUSD Daily Analysis – November 27, 2019

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the short term downtrend from 0.6834. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 0.6700 area. On the upside, a breakout of the channel resistance would indicate that the short term downside move is complete, then another rise towards 0.6840 resistance could be seen.

AUDUSD 4-hour chart