AUDUSD Daily Analysis – August 7, 2017

AUDUSD moved sideways in a trading range between 0.7875 and 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to resume and another rise towards 0.8150 is still possible. Only a breakdown below 0.7875 support could signal completion of the uptrend from 0.7571.

AUDUSD 4-hour chart