AUDUSD Daily Analysis – Wednesday, August 15


AUDUSD extended its downside movement from 0.7453 to as low as 0.7222.

Further decline is still possible after a minor consolidation and next target would be at 0.7100 area.

Near-term resistance is at 0.7283, only a break of this level could signal completion of the downtrend.

AUDUSD 4-hour chart

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