AUDUSD Daily Analysis – August 4, 2017

AUDUSD stays in a trading range between 0.7875 and 0.8065. As long as 0.7875 key support holds, the price action in the range could be treated as consolidation of the uptrend from 0.7571 and another rise towards 0.8150 could be expected after the consolidation. Only a breakdown below 0.7875 support could signal completion of the uptrend.

AUDUSD 4-hour chart