AUDUSD Daily Analysis – August 5, 2019

AUDUSD extended its downside movement from 0.7081 to as low as 0.6747. Further decline is still possible after a minor consolidation and next target would be at 0.6730 area. Near term resistance is at 0.6805, above this level could bring the price back to next resistance level at 0.6867.

AUDUSD 4-hour chart