AUDUSD Daily Analysis – Tuesday, Oct. 2

AUDUSD remains in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.

Further decline is still possible after the consolidation and a breakdown below 0.7202 support could take the price to 0.7150 area.

Resistance is at 0.7250, as long as this level holds, the downtrend will continue.

AUDUSD 4-hour chart

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