AUD/USD Daily Analysis – Monday, July 30

AUD/USD is in short term downtrend from 0.7464.

AUD/USD is in short term downtrend from 0.7464. Deeper decline is still possible after a minor consolidation and next target would be at 1.7300 area. Near-term resistance is at 0.7425, only break above this level could trigger another upside movement to test 0.7483 resistance.

AUDUSD 4-hour chart

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