AUDUSD Feb 11
2020-02-11 20:52:52
As long as 0.6774 resistance holds, further decline is expected in AUD/USD. Decisive break of 0.6670 low will confirm down trend resumption. Next near term target is 61.8% projection of 0.6933 to 0.6678 from 0.6774 at 0.6616 and then 100% projection at 0.6519. On the upside, break of 0.6774 resistance, however, will indicate short term bottoming and bring stronger rebound.