AUDUSD Daily Analysis – February 6, 2020

AUDUSD is facing 0.6777 resistance. As long as this level holds, the bounce from 0.6678 could be treated as consolidation for the downtrend from 0.7031, another fall to 0.6600 area is possible after the consolidation, only break above 0.6777 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart