AUDUSD Daily Analysis – July 8, 2019

AUDUSD is facing 0.6955 support. As long as this level holds, the price action from 0.7034 could be treated as consolidation for the uptrend from 0.6831, another rise towards 0.7100 could be expected after the consolidation. On the downside, a breakdown below 0.6955 support would indicate that the upside movement is complete, then the pair would find next support level at around 0.6900.

AUDUSD 4-hour chart