AUDUSD Daily Analysis – July 16, 2018

AUDUSD remains in the downtrend from 0.7483, the bounce from 0.7360 is likely consolidation for the downtrend. A breakdown below 0.7360 support could trigger another fall towards 0.7300. Resistance is at 0.7450, only a break of this level could take the price back towards 0.7550.

AUDUSD 4-hour chart