AUDUSD Daily Analysis – February 21, 2020

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