AUDUSD Daily Analysis – September 19, 2017

AUDUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the upside movement from 0.7807 had completed at 0.8124 already. Further decline could be expected after a minor consolidation and next target would be at 0.7850 area. Resistance is at 0.8050, only break above this level could trigger another rise towards 0.8162.

AUDUSD 4-hour chart