AUDUSD Weekly Analysis – July 2, 2017

AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7712, facing the resistance of 0.7749. A break of this level will confirm that the longer term uptrend from 0.7158 has resumed, then next target would be at 0.8000 area. Key support is at 0.7535, only a breakdown below this level could signal completion of the uptrend.

AUDUSD daily chart