AUDUSD Daily Analysis – August 1, 2023

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AUDUSD is currently below the descending trend line on the 4-hour chart, indicating its continued downtrend from 0.6894. The recent price action from 0.6622 is likely a period of consolidation within this downtrend. As long as the resistance of the trend line remains unbroken, it is reasonable to expect the continuation of the downward movement. … <a href="https://www.forexcycle.com/short-term-forex-analysis/136476-audusd-daily-analysis-august-1-2023.html">Continue reading<span> "AUDUSD Daily Analysis – August 1, 2023"</span></a>

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