AUDUSD Daily Analysis – August 27, 2019

AUDUSD failed to break below 0.6677 support and moved sideways in a trading range between 0.6677 and 0.6821. Another rise towards 0.6800 would likely be seen in the coming days. As long as 0.6821 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 0.7081, one more fall to 0.6600 could be expected after the consolidation.

AUDUSD 4-hour chart