AUDUSD Daily Analysis – August 20, 2018

AUDUSD extended its upside movement from 0.7202 to as high as 0.7319. Further rally is still possible and next target would be at 0.7350 area. Near term support is at 0.7245, only a breakdown below this level could bring the price back towards 0.7202 previous low.

AUDUSD 4-hour chart