AUDUSD Daily Analysis – Tuesday, Nov. 20


AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area.

Near-term resistance is at 0.7310, only a break out of this level could trigger another rise towards 0.7400.

AUDUSD 4-hour chart

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