AUDUSD Daily Analysis – August 21, 2017

AUDUSD is now in uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. A break of 0.7962 resistance will signal resumption of the uptrend, then next target would be at 0.8050 area. Support levels are at 0.7870 and 0.7807, only break below these levels could trigger another fall towards 0.7700.

AUDUSD 4-hour chart