AUDUSD Daily Analysis – July 30, 2018

AUDUSD is in short term downtrend from 0.7464. Deeper decline is still possible after a minor consolidation and next target would be at 1.7300 area. Near term resistance is at 0.7425, only break above this level could trigger another upside movement to test 0.7483 resistance.

AUDUSD 4-hour chart