AUDUSD Daily Analysis – Monday, Oct. 1

By Staff of ForexCycle
Monday, October 1, 2018 4:10 AM EDT

AUDUSD is now in the downtrend from 0.7314, the bounce from 0.7202 is likely consolidation for the downtrend.

Further decline could be expected in a couple of days and next target would be at 0.7150 area.

Resistance is at 0.7250, as long as this level holds, the downtrend will continue.

AUDUSD 4-hour chart

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