AUDUSD Daily Analysis – July 9, 2019

AUDUSD is testing 0.6955 support, a breakdown below this level would indicate that the upside movement from 0.6831 had completed at 0.7047 already, then deeper decline to 0.6900 area could be seen. On the upside, as long as 0.6955 support holds, the price action from 0.7034 could be treated as consolidation for the uptrend, another rise towards 0.7100 is still possible.

AUDUSD 4-hour chart