AUDUSD Daily Analysis – Tuesday, Feb. 18

AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749.

AUDUSD failed to break above the resistance of the price channel on the 4-hour chart and pulled back from 0.6749. Further decline would likely be seen and next target would be at 0.6600 area.

Near term resistance is at 0.6700, a break of this level could bring the price back towards the top of the price channel on the 4-hour chart.

AUDUSD 4-hour chart

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