AUD/USD Weekly Analysis – Monday, July 9

AUD/USD extended its upside movement from 0.7310 to as high as 0.7461, breaking above 0.7443 resistance. Further rise is still possible in the coming days and next target would be at 0.7550 area. Support is at 0.7400, only a breakdown below this level could bring the price back towards 0.7310 previous low.

AUDUSD 4-hour chart

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