AUDUSD Daily Analysis – July 27, 2018

AUDUSD failed to break above 0.7483 resistance and pulled back from 0.7464. Deeper decline would likely be seen in a couple of days and next target would be at 0.7300 area. On the upside, a break of 0.7464 resistance would suggest that the upside movement from 0.7317 has resumed, then further rise towards 0.7550 could be seen.

AUDUSD 4-hour chart