AUDUSD Daily Analysis – August 1, 2019

AUDUSD extended its downside movement from 0.7081 to as low as 0.6827, breaking below 0.6831 support. Further decline is still possible after a minor consolidation and next target would be at 0.6800 area. Key resistance is at 0.6898, only break above this level could signal completion of the downtrend.

AUDUSD 4-hour chart