AUDUSD Daily Analysis – August 14, 2020

AUDUSD moved sideways in a trading range between 0.7063 and 0.7242. As long as 0.7063 support holds, the upside movement from 0.6776 (Jun 15 low) could be expected to continue, and next target would be at 0.7350 area. On the downside, a breakdown below 0.7063 support would indicate that the uptrend had completed at 0.7242 already, then next target would be at 0.6950 area.

AUDUSD 4-hour chart