AUDUSD Daily Analysis – Tuesday, September 4

AUDUSD remains in the downtrend from 0.7381, the bounce from 0.7165 is likely consolidation for the downtrend.

Range trading between 0.7165 and 0.7250 would likely be seen in a couple of days.

Support is at 0.7165, a breakdown below this level could trigger further downside movement towards 0.7100.

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.

Comments

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