AUDUSD Daily Analysis – Monday, August 13


AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area.

Resistance is at 0.7321, only a break of this level could bring the price back to 0.7360 area.

AUDUSD 4-hour chart

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