AUDUSD Daily Analysis – February 12, 2020

AUDUSD extended its upside movement from 1.6661 to as high as 0.6737, breaking above 0.6710 resistance. Further rise would likely be seen and next target would be at 0.6760 area. Near term support is at 0.6695, a breakdown below this level could trigger another fall towards 0.6600.

AUDUSD 4-hour chart