AUDUSD Daily Analysis – August 23, 2017

AUDUSD failed to break above 0.7962 resistance and pulled back to 0.7880 area. However, the fall would possibly be correction of the uptrend from 0.7807 and another rise towards 0.8065 could be expected after the correction. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

AUDUSD 4-hour chart