AUDUSD Daily Analysis – July 12, 2017

AUDUSD broke above 0.7640 resistance, indicating that the downward movement from 0.7712 had completed at 0.7571 already. Further rally to test 0.7712 resistance could be expected in a couple of days. Support is at 0.7571, only a breakdown below this level could trigger another fall towards 0.7500.

AUDUSD 4-hour chart