AUDUSD Daily Analysis – August 24, 2018

AUDUSD’s downside movement from 0.7381 extended to as low as 0.7237. Deeper decline to test 0.7202 support is still possible after a minor consolidation. Resistance is at 0.7310, only a break of this level could bring the price back towards 0.7380.

AUDUSD 4-hour chart