AUDUSD Daily Analysis – August 27, 2018

AUDUSD failed to break below 0.7202 support and rebounded strongly from 0.7237. Further rally to test 0.7381 resistance is possible in the coming days, a break of this level could trigger further bullish move to 0.7450 area. Support is at 0.7290, only a breakdown below this level could bring the price back towards 0.7202 support.

AUDUSD 4-hour chart