AUDUSD Daily Analysis – Thursday, July 16

AUDUSD extended its upside movement from 0.6776 to as high as 0.7037.

AUDUSD extended its upside movement from 0.6776 to as high as 0.7037.

Further rise would likely be seen and next target would be at 0.7100 area. Key support is at 0.6921, a breakdown below this level could trigger another fall towards 0.6800.

AUDUSD 4-hour chart

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