AUD/USD Daily Analysis – Tuesday, Feb. 19

AUD/USD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On the downside, a breakdown below 0.7110 support would indicate that the upside movement had completed at 0.7160 already, then deeper decline towards 0.7054 support could be seen.

AUDUSD 4-hour chart

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