AUD/USD Daily Analysis – Tuesday, Feb. 26

No changed in our view, AUD/USD remains in the downtrend from 0.7206, the bounce from 0.7069 is likely correction for the downtrend. Another fall is possible after the correction and next target would be at 0.7000 area. Near term support is at 0.7100, a breakdown below this level could signal resumption of the downtrend.

AUDUSD 4-hour chart

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