AUDUSD Daily Analysis – August 1, 2017

AUDUSD remains in uptrend from 0.7571, the fall from 0.8065 is likely consolidation of the uptrend. Range trading between 0.7875 and 0.8065 would likely be seen in a couple of days. As long as 0.7875 support holds, the uptrend could be expected to resume and further rise to 0.8150 area is still possible. Only a breakdown below 0.7875 support could signal completion of the uptrend.

AUDUSD 4-hour chart