AUDUSD Daily Analysis – Tuesday, August 14

AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area.

AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area.

Resistance is at 0.7321, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

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