AUDUSD Daily Analysis – Monday, Feb. 10

AUDUSD broke below 0.6678 support, suggesting that the downtrend from 0.7031 has resumed.

AUDUSD broke below 0.6678 support, suggesting that the downtrend from 0.7031 has resumed. Further decline could be expected after a minor consolidation and next target would be at 0.6600 area.

Near term resistance is at 0.6710, a break of this level could trigger another rise towards 0.6777 resistance.

AUDUSD 4-hour chart

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