AUDUSD Daily Analysis – August 24, 2017

AUDUSD remains in uptrend from 0.7807, the fall from 0.7962 could be treated as correction of the uptrend. Another rise to test 0.7962 resistance is possible after the correction, and a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. 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