AUD/USD Daily Analysis – Thursday, July 18

AUD/USD is in consolidation for the uptrend from 0.6910. Range trading between 0.6975 and 0.7047 would likely be seen over the next several days. Another rise to test 0.7047 is possible, a break of this level could signal resumption of the uptrend from 0.6910, then next target would be at 0.7100 area. Support is at 0.6975, only a breakdown below this level could trigger another fall towards 0.6900.

AUDUSD 4-hour chart

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