AUDUSD Daily Analysis – Friday, Oct. 19

AUDUSD broke below 0.7095 support, suggesting that the short-term uptrend from 0.7041 had completed at 0.7159 already.

Further decline could be expected and next target would be at 0.7041 previous low.

Resistance is at 0.7130, only a break of this level could trigger another upside movement towards 0.7200.

AUDUSD 4-hour chart

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