AUDUSD Daily Analysis – July 31, 2017

AUDUSD’s bullish movement from 0.7571 extended to as high as 0.8065. Key support is at 0.7875, as long as this level holds, the uptrend could be expected to continue and next target would be at 0.8150 area. Only a breakdown below 0.7875 support could signal completion of the uptrend.

AUDUSD 4-hour chart