AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already.
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.6754 had completed at 0.7031 already. Further decline is still possible after a minor consolidation and next target would be at 0.6800 area.
Near term resistance is at 0.6900, as long as this level holds, the downtrend from 0.7031 will continue.
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