AUDUSD Daily Analysis – Thursday, August 6

AUDUSD broke above 0.7227 resistance, suggesting that the uptrend from 0.6776 has resumed.

Further rise could be expected in the coming days, and next target would be at 0.7350 area. Key support is at 0.7063, only break below this level could signal completion of the uptrend.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.