AUD/USD Daily Analysis – Tuesday, Nov. 13


AUD/USD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7020 had completed at 0.7302 already. Further decline could be expected after a minor consolidation and next target would be at 0.7100 area. Resistance is at 0.7220, only a break of this level could bring the price back towards 0.7300.

AUDUSD 4-hour chart

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