AUDUSD Daily Analysis – July 3, 2018

AUDUSD broke below 0.7322 support and extended its downside movement from 0.7676 to as low as 0.7310. Further decline is still possible and next target would be at 0.7200 area. Near term resistance is at the falling trend line on the 4-hour chart, only a breakout of the trend line could bring the price back to test 0.7443 key resistance.

AUDUSD 4-hour chart