AUDUSD Daily Analysis – Wednesday,

AUDUSD broke below 0.7165 support, suggesting that the downside movement from 0.7381 has resumed.

Further decline is still possible in the coming days and next target would be at 0.7100 area. Resistance is at 0.7235, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

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