AUDUSD Daily Analysis – July 3, 2017

AUDUSD remains in uptrend from 0.7535, the pullback from 0.7712 could be treated as consolidation of the uptrend. Near term support is at the bottom trend line of the price channel on its 4-hour chart. As long as the pair is in the channel, the uptrend could be expected to continue and next target would be at 0.7750 area. Key support is at 0.7650, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart