AUDUSD Daily Analysis – August 21, 2018

AUDUSD’s upside movement from 0.7202 extended to as high as 0.7353. Further rise is still possible after a minor consolidation and next target would be at 0.7400 area. Support is at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart