AUDUSD Daily Analysis – Friday, August 10

AUDUSD continued its sideways movement in a trading range between 0.7310 and 0.7483.

Another fall to test 0.7310 would likely be seen in the coming days, a breakdown below this level could trigger further downside movement towards 0.7200 area.

Resistance is at 0.7400, only break above this level could bring the price back towards 0.7483 resistance.

AUDUSD 4-hour chart

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