AUDUSD Daily Analysis – Thursday, Oct. 4

By Staff of ForexCycle
Thursday, October 4, 2018 4:08 AM EDT

AUDUSD is facing 0.7085 support, a breakdown below this level could trigger further downside movement towards 0.7000.

Near-term resistance is at 0.7130, only a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

AUDUSD 4-hour chart

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