AUDUSD Daily Analysis – Tuesday, August 21


AUDUSD’s upside movement from 0.7202 extended to as high as 0.7353.

Further rise is still possible after a minor consolidation and next target would be at 0.7400 area.

Support is at the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart

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