AUDUSD Daily Analysis – August 10, 2017

AUDUSD stays in a bearish trend line on its 4-hour chart and remains in the downtrend from 0.8065. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.7800 area. Only a clear break above the trend line resistance could trigger another rise into 0.8040 zone.

AUDUSD 4-hour chart