AUDUSD Daily Analysis – August 19, 2019

AUDUSD stays in a trading range between 0.6735 and 0.6821. As long as 0.6735 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 0.6677, further rise to 0.6900 area could be expected after the consolidation. On the downside, a breakdown below 0.6735 support would indicate that the upside move had completed at 0.6821 already, then another fall towards 0.6650 area could be seen.

AUDUSD 4-hour chart