AUD/USD Daily Analysis – Thursday, August 15

AUD/USD remains in the uptrend from 0.6677, the fall from 0.6821 is likely corrective consolidation for the uptrend.

AUD/USD remains in the uptrend from 0.6677, the fall from 0.6821 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation, a breakout of 0.6821 resistance could take the price into 0.6900 zone. Support is at 0.6735, below this level could trigger further downside movement to 0.6700 area.

AUDUSD 4-hour chart

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