AUDUSD Daily Analysis – July 11, 2019

AUDUSD’s downside movement from 0.7047 had completed at 0.6910 already. Another rise towards 0.7050 could be expected over the next several days. Near term support is at 0.6950, a breakdown below this level could bring the price back to 0.6930 zone.

AUDUSD 4-hour chart