AUDUSD Daily Analysis – August 15, 2018

AUDUSD extended its downside movement from 0.7453 to as low as 0.7222. Further decline is still possible after a minor consolidation and next target would be at 0.7100 area. Near term resistance is at 0.7283, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart