AUDUSD Daily Analysis – November 29, 2019

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6834. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 0.6700 area. Key resistance is at 0.6795, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart