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

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