AUDUSD Daily Analysis – August 29, 2017

AUDUSD broke above 0.7962 resistance, indicating that the uptrend from 0.7807 has resumed. Further rise could be expected in a couple of days, and next target would be at 0.8030 area. Support is at 0.7866, only a breakdown below this level could trigger another fall towards 0.7700.

AUDUSD 4-hour chart