AUDUSD Daily Analysis – February 19, 2018

AUDUSD is now in the uptrend from 0.7759, the fall from 0.7988 could be treated as consolidation of the uptrend. Support levels are at 0.7890 and 0.7865. As long as these levels hold, the uptrend could be expected to resume and a breakout of 0.7988 resistance could trigger another rise towards 0.8100. On the downside, a breakdown below 0.7865 support would indicate that the upside movement had completed at 0.7988 already, then further decline towards 0.7759 support could be seen.

AUDUSD 4-hour chart