Forecast for AUD/USD on November 2, 2020

AUD/USD

On Friday, the Australian dollar traded in Thursday's range below 0.7058, which strengthened it even more. Now we are waiting for the price to drop to the previously determined target levels of 0.6970 and 0.6938. All indicators on the daily chart indicate the AUD/USD pair's succeeding decline.

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No changes occurred during the day on the four-hour chart. We still have a falling trend, we wait for the price at the indicated levels.

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The material has been provided by InstaForex Company - www.instaforex.com