AUDUSD extended its downside movement from 0.7081 to as low as 0.6747. Further decline is still possible after a minor consolidation and next target would be at 0.6730 area. Near term resistance is at 0.6805, above this level could bring the price back to next resistance level at 0.6867.
![AUDUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190805_AUDUSD_1.png)