AUDUSD Daily Analysis – January 27, 2020

AUDUSD extended its downside movement from 0.6933 to as low as 0.6800. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6770 area, only break above the trend line resistance could signal completion of the downtrend.

AUDUSD 4-hour chart