AUDUSD Weekly Analysis – September 1, 2019

AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the price action in the trading range could be treated as consolidation for the downtrend from 0.7081, further decline towards 0.6600 is still possible after the consolidation, only break above 0.6821 resistance could signal completion of the downtrend.

AUDUSD daily chart