AUDUSD Weekly Analysis – July 31, 2016

AUDUSD’s upward movement from 0.7144 extended to as high as 0.7676. Further rise would likely be seen after a minor consolidation, and next target would be at 0.8000 area. Near term support is at 0.7400, only break below this level could bring price back to 0.6900 area.

audusd chart