AUDUSD Daily Analysis – August 9, 2019

AUDUSD broke above 0.6805 resistance, suggesting that the downside movement from 0.7081 had completed at 0.6677 already. Further rally could be expected and next target would be at 0.6867 resistance. Near term support is at 0.6770, below this level could bring the price back to 0.6720 area.

AUDUSD 4-hour chart