AUDUSD Daily Analysis – Friday, August 25

AUDUSD remains in the uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend.

Another rise to test 0.7962 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area.

Support is at 0.7807, only break below this level could trigger another fall towards 0.7700.

AUDUSD 4-hour chart

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