AUDUSD Daily Analysis – July 14, 2017

AUDUSD broke above 0.7712 resistance, suggesting that the uptrend from 0.7328 (May 9 low) has resumed. Further rise is possible in a couple of days and next target would be at 0.7800 area. Support level is now at 0.7700, only a breakdown below this level could bring price back into 0.7640 zone.

AUDUSD 4-hour chart