AUDUSD Weekly Analysis – July 26, 2020

AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.5507 to as high as 0.7182. Further rise is still possible next week and next target would be at 0.7300 area. Support is located at the rising trend line on the daily chart, a breakdown below the trend line support could bring the price back to 0.6850 area.

AUDUSD daily chart