AUDUSD Daily Analysis – August 13, 2018

AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could bring the price back to 0.7360 area.

AUDUSD 4-hour chart