AUDUSD Daily Analysis – July 25, 2017

AUDUSD is in consolidation of the uptrend from 0.7571. Range trading between 0.7830 and 0.7989 would likely be seen in a couple of days. Support is at 0.7830, as long as the pair is above this level, the uptrend could be expected to resume, and another rise towards 0.8150 is still possible after the consolidation. Resistance is at 0.7989, a break of this level could signal resumption of the uptrend.

AUDUSD 4-hour chart