AUDUSD Daily Analysis – August 17, 2018

AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next resistance level at around 0.7350. On the downside, as long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to 0.7100 area is still possible.

AUDUSD 4-hour chart