AUDUSD Weekly Analysis – July 7, 2019

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