AUD/USD Daily Analysis – Tuesday, August 6

AUD/USD remains in the downtrend from 0.7081, further decline is still possible after consolidation and next target would be at 0.6700 area.

AUD/USD remains in the downtrend from 0.7081, further decline is still possible after consolidation and next target would be at 0.6700 area. Resistance is at 0.6805, above this level could bring the price back to next resistance level at 0.6867.

AUDUSD 4-hour chart

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