29, August 2016

AUD/USD(a 4-hour chart)

General overview

The pair continues to consolidate in a narrow range 0.7600-0.7650. The situation is not clear- breaking from consolidation can be in any direction.

Trading recommendations

We tend to think that before AUDUSD test the key level of 0.7660 the pair will drop down to levels 0.7500-0.7550.