AUDUSD Daily Analysis – August 15, 2019

AUDUSD remains in the uptrend from 0.6677, the fall from 0.6821 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation, a breakout of 0.6821 resistance could take the price into 0.6900 zone. Support is at 0.6735, below this level could trigger further downside movement to 0.6700 area.

AUDUSD 4-hour chart