Technical analysis of AUD/USD 01/29/2020
The AUD/USD currency pair broke down the support of 0.6800 and went beyond the upward channel on the D timeframe. At this point, quotes are in the area of 0.6750.
The current technical picture means the pair will continue to decline to last year’s lows at 0.6680.
Cancellation of the option to continue the decline will be a strong growth above 0.6850, what will indicate the resumption of the upward trend in the 1D timeframe.
Created by Joshua Hayn