AUDUSD Daily Analysis – August 3, 2018

AUDUSD’s fall from 0.7464 extended to as low as 0.7355. Deeper decline is still possible and next target would be at 0.7300 area. Resistance is at 0.7400, only break above this level could take the price back towards the falling trend line on the 4-hour chart.

AUDUSD 4-hour chart