AUDUSD Daily Analysis – August 28, 2019

AUDUSD moved sideways in a trading range between 0.6677 and 0.6821. As long as 0.6821 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 0.7081, one more fall to 0.6600 is still possible, only break above 0.6821 resistance could signal completion of the downtrend.

AUDUSD 4-hour chart