AUDUSD Daily Analysis – September 6, 2018

AUDUSD moved sideways in a trading range between 0.7144 and 0.7235. As long as 0.7235 resistance holds, the downside movement from 0.7381 could be expected to continue and next target would be at 0.7100 area. On the upside, a breakout of 0.7235 resistance would indicate that the downside movement had completed at 0.7144 already, then further rise towards 0.7350 could be seen.

AUDUSD 4-hour chart