AUDUSD Daily Analysis – February 20, 2020

AUDUSD extended its downside movement from 0.6749 to as low as 0.6665, facing 0.6661 support, a breakdown below this level could trigger further downside movement to 0.6600 area. Near term resistance is at 0.6700, a break of this level could bring the price back towards the top of the price channel on the 4-hour chart.

AUDUSD 4-hour chart