AUDUSD Weekly Analysis – July 30, 2017

AUDUSD’s bullish movement from 0.7328 extended to as high as 0.8065. Near term support is at 0.7875, as long as the price is above this level, the bullish movement could be expected to continue and next target would be at 0.8150, followed by 0.8450. Key support is located at the rising trend line on the daily chart, only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD daily chart