AUDUSD Daily Analysis – July 27, 2017

After a sideways consolidation, AUDUSD broke above 0.7989 resistance and continued its bullish movement from 0.7571, and the rise extended to as high as 0.8065. Further rise could be expected and next target would be at 0.8150 area. Key support is now at 0.7875, only a breakdown below this level could signal completion of the uptrend.

AUDUSD 4-hour chart