AUDUSD Daily Analysis – September 4, 2018

AUDUSD remains in the downtrend from 0.7381, the bounce from 0.7165 is likely consolidation for the downtrend. Range trading between 0.7165 and 0.7250 would likely be seen in a couple of days. Support is at 0.7165, a breakdown below this level could trigger further downside movement towards 0.7100.

AUDUSD 4-hour chart