AUDUSD Daily Analysis – July 19, 2017

AUDUSD’s bullish movement from 0.7571 extended to as high as 0.7942. Support is now located at the rising trend line on the 4-hour chart. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 0.8000 area. Only a clear break below the trend line support could signal completion of the uptrend.

AUDUSD 4-hour chart