AUDUSD Daily Analysis – September 5, 2017

AUDUSD moved sideways in a trading range between 0.7866 and 0.7995. As long as 0.7866 support holds, the sideways move could be treated as consolidation of the uptrend from 0.7807, and further rise towards 0.8065 is still possible after the consolidation. Only a breakdown below 0.7866 support could trigger another fall towards 0.7700.

AUDUSD 4-hour chart