AUDUSD Daily Analysis – Monday, August 12

AUDUSD remains in the uptrend from 0.6677, the pullback from 0.6821 is likely consolidation for the uptrend, the further rise could be expected after the consolidation and next target would be at 0.6867 resistance.

Near-term support is at 0.6760, below this level could bring the price back to 0.6700 area.

AUDUSD 4-hour chart

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