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FX.co ★ AUD/USD Update for August 20, 2021 - Intraday rally in play towards 0.7150

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Forex Analysis:::2021-08-20T12:28:27

AUD/USD Update for August 20, 2021 - Intraday rally in play towards 0.7150

Technical analysis:

AUD/USD Update for August 20, 2021 - Intraday rally in play towards 0.7150

AUD/USD has been trading upside in last few hours and there is chance for the corrective rally towards upside references.

Trading recommendation:

Due to the breakout of the downside channel, there is potential for the upside movement.

Watch for buying opportunities with the upside target at 0,7155 and 0,7180

Key intraday support is set at the price of 0,7105

Analyst InstaForex
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