AUDUSD Daily Analysis – July 21, 2017

AUDUSD stays above the bullish trend line on its 4-hour chart and remains in the uptrend from 0.7571. As long as the trend line support holds, the fall from 0.7989 could be treated as consolidation of the uptrend and another rise towards 0.8050 is still possible after the consolidation. Key support is at 0.7897, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart