AUDUSD’s bounce from 0.6831 extended to as high as 0.7047. Further rally is still possible in a couple of weeks and next target would be at 0.7150 area. Near term support is at 0.6940, only a breakdown below this level could trigger another fall towards 0.6765 support.
![AUDUSD daily chart](https://www.forexcycle.com/wp-content/uploads/2019/20190707_AUDUSD_1.png)