AUDUSD Daily Analysis – Wednesday, Nov. 21


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 to test l0.7164 support would likely be seen and a breakdown below this level could trigger further downside movement towards 0.7100.

Resistance is at 0.7250, only a break of this level could bring the price back into 0.7280 zone.

AUDUSD 4-hour chart

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