AUDUSD Daily Analysis – September 26, 2018

AUDUSD remains in the uptrend from 0.7085, the pullback from 0.7303 is likely consolidation for the uptrend. Near term support is at 0.7236, followed by 0.7200, as long as these levels holds, the upside movement could be expected to resume and a break of 0.7303 resistance could take the price to 0.7350 area. On the downside, a breakdown below 0.7200 support would indicate that the upside movement had completed at 0.7303 already, then deeper decline to 0.7140 area could be seen.

AUDUSD 4-hour chart