AUDUSD Daily Analysis – September 12, 2018

AUDUSD extended its downside movement from 0.7381 to as low as 0.7085. Further decline is still possible after a minor consolidation and next target would be at 0.7000 area. Resistance levels are at 0.7131 and 0.7190, only break above these levels could signal completion of the downtrend.

AUDUSD 4-hour chart