AUDUSD Daily Analysis – August 26, 2019

AUDUSD broke below 0.6735 support and extended its downside movement from 0.6821 to as low as 0.6688. Deeper decline to test 0.6677 support is still possible, a breakdown below could take the price to 0.6600 area. Resistance is at 0.6745, above this level could trigger another rise towards 0.6800.

AUDUSD 4-hour chart