AUD/USD Daily Analysis – Wednesday, Sept. 12

AUD/USD extended its downside movement from 0.7381 to as low as 0.7085. Further decline is still possible after a minor consolidation and next target would be at 0.7000 area. Resistance levels are at 0.7131 and 0.7190, only break above these levels could signal completion of the downtrend.

AUDUSD 4-hour chart

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