AUDUSD Daily Analysis – July 17, 2018

No changed in our view, AUDUSD remains in the downtrend from 0.7483, as long as 0.7450 resistance holds, the bounce from 0.7360 could be treated as consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7360 support could take the price towards 0.7300. Only a breakout of 0.7450 resistance could bring the price back towards 0.7550.

AUDUSD 4-hour chart