AUDUSD Daily Analysis – Tuesday, August 7

AUDUSD stayed in a trading range between 0.7310 and 0.7483 for several weeks. Near-term resistance is at 0.7411, a break of this level could take the price towards 0.7483 resistance.

Near-term support is at 1.7348, a breakdown below this level could trigger further downside move to test 0.7310 previous low support.

AUDUSD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.