AUDUSD Daily Analysis – July 5, 2019

AUDUSD broke above 0.7034 resistance, suggesting that the upside movement from 0.6831 has resumed. Further rise could be expected in the coming days and next target would be at 0.7080 area. Near term support is at 0.7010, a breakdown below this level could bring the price back to 0.6970 area.

AUDUSD 4-hour chart