AUDUSD Daily Analysis – August 7, 2018

AUDUSD stayed in a trading range between 0.7310 and 0.7483 for several weeks. Near term resistance is at 0.7411, a break of this level could take the price towards 0.7483 resistance. Near term support is at 1.7348, a breakdown below this level could trigger further downside move to test 0.7310 previous low support.

AUDUSD 4-hour chart