AUDUSD Daily Analysis – January 3, 2020

AUDUSD broke below 0.6990 support, suggesting that the upside movement from 0.6838 had completed at 0.7031 already. Further decline could be expected after a minor consolidation and the target would be at the rising trend line on the 4-hour chart. Near term resistance is at 0.6990, above this level could trigger another rise towards 0.7100.

AUDUSD 4-hour chart