AUDUSD Daily Analysis – January 28, 2020

AUDUSD’s downside movement from 0.6933 extended to as low as 0.6746. Further decline could be expected after a minor consolidation and next target would be at 0.6700 area. Near term resistance is at 0.6780, above this level could bring the price back towards the falling trend line on the 4-hour chart.

AUDUSD 4-hour chart