AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7159.

Deeper decline to test 0.7041 support is still possible and a breakdown below this level could trigger further downside movement to 0.6900 area. Key resistance is at 0.7106, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

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