AUDUSD Daily Analysis – September 16, 2019

AUDUSD moved sideways in a trading range between 0.6837 and 0.6894. As long as 0.6837 support holds, the upside movement could be expected to resume, further rise to 0.6950 area is still possible. On the downside, a breakdown below 0.6837 support would indicate that the upside movement had completed at 0.6894 already, then deeper decline to 0.6760 area could be seen.

AUDUSD 4-hour chart