AUDUSD Daily Analysis – January 30, 2020

AUDUSD extended its downside movement from 0.6933 to as low as 0.6731. Further decline could be expected and next target would be at 0.6700 area. Near term resistance is at 0.6777, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

AUDUSD 4-hour chart