AUDUSD Daily Analysis – Friday, Sept. 20

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.6894.

As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 0.6750 area, only break above the channel resistance could signal completion of the downtrend.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.