AUDUSD Daily Analysis – January 10, 2020

AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area. Key resistance is at 0.6885, a breakout of this level could bring the price back into 0.6920 zone.

AUDUSD 4-hour chart