AUD/USD Daily Analysis – Monday, September 24

AUD/USD remains in the uptrend from 0.7085, the pullback from 0.7303 is likely consolidation for the uptrend. Near term support is at 0.7200, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7350 area. On the downside, a breakdown below 0.7200 support would indicate that the upside movement had completed at 0.7303 already, then the pair would find next support level at 0.7140.

AUDUSD 4-hour chart

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