AUDUSD Daily Analysis – February 24, 2020

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6749. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6550 area, only break above the channel resistance could signal completion of the downtrend.

AUDUSD 4-hour chart