AUDUSD Daily Analysis – Thursday, Oct. 25


AUDUSD remains in the downtrend from 0.7159. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.7041 support.

Only a clear break above the channel resistance could signal completion of the downtrend.

AUDUSD 4-hour chart

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