AUDUSD Daily Analysis – Tuesday, September 4

By Staff of ForexCycle
Tuesday, September 4, 2018 4:12 AM EDT

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

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