AUDUSD Daily Analysis – February 5, 2020

AUDUSD is in consolidation for the downtrend from 0.7031. Range trading between 0.6678 and 0.6777 would likely be seen over the next several days. As long as 0.6777 resistance holds, the downtrend could be expected to resume, and further decline to 0.6600 area is possible after the consolidation.

AUDUSD 4-hour chart