AUDUSD Daily Analysis – July 19, 2018

AUDUSD failed to break below 0.7310 support and rebounded strongly from 0.7343, facing the resistance at 0.7442. A break of this level would confirm the downtrend from 0.7483 is complete, then the following upside movement could take the price to 0.7550 area. Support is now at 0.7390, only a breakdown below this level could trigger another fall towards 0.7310 support.

AUDUSD 4-hour chart