AUDUSD Daily Analysis – August 18, 2017

AUDUSD is now in the uptrend from 0.7807, the pullback from 0.7962 is likely correction of the uptrend. Another rise could be expected after the correction and next target would be at 0.8050 area. Key support is at 0.7807, only break below this level could trigger another fall towards 0.7700.

AUDUSD 4-hour chart