AUDUSD Daily Analysis – Friday, Feb. 21

AUDUSD’s downside movement from 0.6749 extended to as low as 0.6591.

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

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