AUDUSD’s downside movement from 0.6749 extended to as low as 0.6591. Further decline could be expected after a minor consolidation and next target would be at 0.6550 area. Resistance is at 0.6640, as long as this level holds, the downtrend will continue.
![AUDUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200221_AUDUSD_1.png)