AUDUSD Daily Analysis – February 10, 2020

AUDUSD broke below 0.6678 support, suggesting that the downtrend from 0.7031 has resumed. Further decline could be expected after a minor consolidation and next target would be at 0.6600 area. Near term resistance is at 0.6710, a break of this level could trigger another rise towards 0.6777 resistance.

AUDUSD 4-hour chart